China Scrambles To Boost Birth Rates As Population Drops For 2nd Year

China's population fell for a second consecutive year in 2023, as a record low birth rate and a wave of COVID-19 deaths, when strict lockdowns ended, accelerated a downturn that will have profound long-term effects on the economy's growth potential.

The National Bureau of Statistics said the total number of people in China dropped by 2.08 million, or 0.15%, to 1.409 billion in 2023.

That was well above the population decline of 850,000 in 2022, which had been the first since 1961 during the Great Famine of the Mao Zedong era.