China’s Looming Demographic Challenge
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China, home to over 1.4 billion people, stood as the world’s most populous country until recently, surpassed by India in 2023. Its demographic trajectory, however, presents a mounting challenge that threatens to reshape the nation’s economic and social fabric profoundly. After decades of sustained population growth, which fuelled rapid industrialisation and urban expansion, China is now encountering a steep demographic transition characterised by a rapidly aging population and a declining birth rate.
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