this post was submitted on 17 Jan 2024
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China records population decline for second straight year [Jan 17 2024 | Frances Mao | BBC News]
https://www.bbc.com/news/world-asia-china-68002803
China’s population falls for a 2nd straight year as births drop even after end of one-child policy [Jan 17 2024 | Ken Moritsugu | Associated Press News]
https://apnews.com/article/china-population-births-deaths-covid-b0ec148b3f8db6b2863aeca02078bd7a
I've seen people argue the real numbers of the decline for China are much worse than they have shared and they may already be past the point of no return like Japan and South Korea. It's going to be interesting to see how they handle an aging population.
Asia does have a more recent tradition of kids being the retirement plan so they might fair a little better than places like the US where that is not the norm anymore. The US with their infrastructure crumbling from underfunding and a general lack of care, should provide a good side by side comparison of the ride down with the differences of family versus industry support of seniors.
China's industrial capacity stretches pretty much the entire spectrum. Instead of offshoring entirely, China has opted for automating traditionally labour-intensive manufacturing industries, which is why China now has the fifth-highest robot density in the world.
Deindustrialised? China?
Who's making all the stuff then?
China still makes a majority of the stuff, due to being local to raw resources (chinas major power in the industry, resource logistics), but for businesses that dont require as many resources being nearby, you see production move, mainly into countries in south eastern asia, like Thailand or Vietnam.