my2cents
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Actually, I don’t think a shrinking population would be the biggest problem for China. The biggest problem is going be the ageing population where you have a bad disproportion between the old population and the young working population. With such low birthrates for the last few decades, China will be heading to a point where the young working population will disproportionately be out numbered by the old people.
This will be a burden for the country and its young working people, both financially and psychologically.
Even if China manages to pull a miracle and get the fertility rate on the right track in the next few years, the Chinese generation born in the 80s, 90s and 2000s will still have to face this situation in their working life:
I can’t believe it took that long for the CCP to change the one child policy. Weren’t they aware of this simple problem?
If you guys had only followed Mao Zedong policy of bigger population means bigger economic growth then things would not have been come to this low birth rates.