Original article by Michael Smith, Ronald Mizen
The Australian Financial Review – Page: 1 & 11 : 18-Jan-23

University of Wisconsin-Madison demographer Yi Fuxian says China’s declining birth rate will have long-term implications for the global economy. The Chinese government has advised that the nation’s population fell by 850,000 in calendar 2022, to 1.412 billion. The number of deaths exceeded births for the first time in six decades, with factors such as the rising cost of living and COVID-19 restrictions deterring many couples from having more than one child. The demographic shift in China will have a limited impact on the nation’s economy in the short-term; however, demographers warn that China is likely to face labour shortages in 20-30 years’ time, which will affect the global supply of manufactured goods.

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