Despite the policies of the Chinese regime to increase the birth rate of the population in China, the latest count during the past year turned out to be the lowest for the last 60 years, according to official data.
In this sense, the chief economist of Pinpoint Asset management, Zhiwei Zhang, calculates that “the speed of population aging is clearly faster than expected,” as reported by Reuters on Jan. 17.
He adds: “This suggests China’s total population may have reached its peak in 2021. It also indicates China’s potential growth is likely slowing faster than expected.”
In fact, comparing the 2020 data with the 2021 data shows that births in the latter year were about 1.5 million fewer.
Seen from another angle, the birth rate in 2020 was 8.52 births per 1,000 people, while in 2021, it was 7.52 births per 1,000 people, the lowest since 1949, when the National Bureau of Statistics began collecting the data.
Also, one of the consequences is that China’s working-age population is already shrinking, adding pressure to the country’s ability to pay for and care for an increasingly aging country.
Despite the Communist regime deactivating the one-child policy to allow couples to have three children. As well as reducing the financial burden of raising children, including banning for-profit after-school tuition, last year.
According to popular independent writer and commentator Shen Jiake: “For decades, Chinese urban families have been getting rich and accumulating wealth, and because of China’s one-child policy, a large proportion of that wealth is now owned by young urban females.”
He added: “This has led to an objective fact and trend that half—or a large number of families—stand on the side of young women’s rights, in terms of attitudes toward marriage and childbearing.”
Against this backdrop, many of China’s Generation Z women seek to break free from the shackles of marriage and children and live on their own.
“We all feel that modern urban life is becoming very convenient and welcoming to singletons, and that marriage and childbirth are almost synonymous with the stress of life for us young people,” said Janet Song, 25, who added that she does not believe the presence of a husband or child can help her succeed.
Thus, China’s severely declining birth rate creates a demographic crisis that will affect the Chinese communist regime’s economy for decades to come, warns renowned analyst and publisher Zhou Xin.
Moreover, the impact of the demographic crisis will significantly impact “Beijing’s ambitions of creating a powerful socialist country, to the sustainability of the property market and schooling system,” Xin argues.