According to the United Nations, the world population will reach 8 billion people in November, and India will replace China as the world’s most populous country next year.

U.N. Secretary-General António Guterres said this is a key milestone for the global population. 

The report, World Population Prospects from the U.N., released on Monday, July 11, said that China lost the most populous nation title, partially because of its aging population and restricting births policy. 

The report forecasts that India, with a current population of 1.412 billion, will surpass China’s current population of 1.426 billion.

Experts said that while China has a disproportionately elderly population, India has a well-ranged population, which might be the country’s advantage

This is not good news for China as it has struggled to maintain its population growth in recent years.

China faces an aging population as its one-child policy has resulted in many social-economic issues that might take years or never to solve. 

China delayed its consensus multiple times before officially releasing it last year, showing the world’s second economy faced a sharp decline in newborns. 

Population is a key to economic growth and a country’s consumption and labor workforce. 

In recent years, China has encountered problems with the labor workforce in terms of age and labor cost. It brings some adverse impacts on the economy. 

China’s labor force has shown a general downward trend. China’s labor force was estimated to be around 784 million people in 2020.

The aging population is the biggest problem for China’s economy. Financial Review estimates that the country’s population aged 65 will rise from 200 million to 400 million by 2049. Even worse, the population aged over 85 will be over 150 million in 2049, from fewer than 50 million today.

China’s labor force has shown a general downward trend, projected to be around 784 million in 2020.

Because both the working-age population and the proportion of the population participating in the labor market are declining, this downward trend will likely continue in the foreseeable future.

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