Burgeoning Populations

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It is widely recognised and accepted that, despite the harsh reality of China’s ‘one child policy’, the World was spared a major catastrophe by the amazing foresight and decisiveness of China’s leaders at that time (in 1979) to control the size of their burgeoning population. Even so, as is well illustrated in the graphic below, “China is the world’s most populous country with an astounding 1.44 billion citizens. Altogether, the size of the population of China is larger than nearly four regions combined: South America, Europe (excluding Russia), the U.S. & Canada, and Australia & New Zealand”.

Much has been written and said about China’s unique demographics, its dwindling fertility rate, shrinking labour market, gender imbalances and the growing number of elderly citizens, together with the long term social and economic implications of its ageing population. However, as stated by Visual Capitalist, “China’s current population remains massive, constituting almost 20% of the world’s total population. Right now 71% of the Chinese population is between the ages of 15 and 65 years old, meaning that the labor supply is still immense”.

China’s population of 1.439 billion is currently higher than India (1.38 billion) and Continental Africa (1.34 billion) but, as a result of its ageing demographics, is projected “to drop below one billion people by the year 2100 – bumping the nation to third place in the ranking of the world’s most populous countries”. Whilst many will predict the end of China’s economic dominance by the start of the next Century, it’s hard to even imagine how China will have advanced by then!

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