Chinese census results point to socio-economic challenges that will impact the world

By Tomas Sobotka
The Olympics have always been the major sporting event in the world and history has witnessed that there have been many revealing incidents for nations to reflect on; The Tokyo Olympics are not much different. For centuries China has been a closed society and little is known about internal issues and the dynamics of society. Things are changing with the advent of technology and issues related to Chinese society are coming back to the fore. The decline of the Chinese population and the insecurity associated with it is one of the problems that sounded the alarm bells in Beijing. The backlash that occurred after an adopted Chinese athlete (MacNeil) won the gold medal for Canada made the CCP’s situation worse as it is seen as a direct impact of China’s one-child policy. . Society experiences an inverted population pyramid where fewer young people support an older, larger population. with gold going to Canada in the butterfly stroke style, experts wonder if the butterfly of progress has ever flown from China.
The aging of the Chinese population is also an economic concern, but its impact is not yet clear. From one point of view, China could face the decline of the Japanese style, as was discussed in detail in an article posted on merics.org with the title “aging-China-face-Japanese-style-lost-decade “by LA Johnston. On the other hand, China’s long-term preparations to shift from the quantity of labor to the quality and technology of labor as its working-age population shrinks, may enable it to better cope with the aging of the world. population than other economies with aging populations. So there may be a long-term benefit to aging before getting rich, at least for economies that have put in place the right policies over time. Time will tell us.
The latest census in China largely confirms the trends that have been reported and widely expected over the past decade: it gives a picture of slowing population growth, an aging population, but also a rapid expansion of the population. higher education and a high level of mobility and continuing education. urbanization. Almost two-thirds of the population (64%) now live in urban areas, up from half in 2010. Overall, the reported trends appear credible despite the delay in reporting. However, more detailed results have yet to be published and these will provide a more nuanced picture of the latest demographic trends, also by regions and for specific age and population groups.
China has experienced unprecedented growth in the economy, mainly due to the availability of cheap labor in the country due to the large proportion of the population capable of working. However, with the declining population, the trend is changing. While the number of children is unlikely to increase much in the future, the share of older people is now increasing rapidly and this means that the population structure will no longer provide an additional benefit for economic growth. But also, structural factors, including a decline in heavy and dirty industries (especially in the Northeast) and the fact that China has become a middle-income country, mean that China’s economic growth is likely to slow. considerably soon. Problems related to the non-contributory population or the floating population add to the problems of economic slowdown.
We are seeing the increase in labor wages and production costs are already rising, taking their business from sweatshops to Africa etc. With a further decline in the young population and its impact on low-cost production which has been the main force of China’s economic growth, China has to prepare for the difficult decades to come. The cost associated with relocating industries to places where cheap labor is available and outsourcing of production is enormous. Previously, China was the base of all industrial growth and enjoyed all the advantages that came to its advantage, now the advantages must be shared. China’s BRI (Belt and Road) initiative is one of the main results of the population decline and the cost incurred for increased connectivity to relocate the industry is considerably huge.
China is investing heavily in the automation industry, which can also be seen as a direct result of rising labor wages. The country is trying to strike a balance between constant economic growth and the available workforce by implementing automation wherever possible. However, some industries form a huge part of the Chinese economy like the footwear industry which has already seen its production increase in other countries like Bangladesh, Cambodia, Vietnam etc. thus pulling the share from China. The implications of the population decline are numerous in addition to the psychological impact it will have on China; No longer number 1 in the numbers game and with India becoming the world’s largest market, China must look to the future with a more realistic scope.
Rising crime rates in Asia, especially human trafficking cases, are of great concern to the world. The problem stems from the asymmetric sex ratio of the Chinese population; Chinese people face the long-term consequences of skewed sex ratios, which are also unevenly distributed across regions and will persist for many decades. These range from tens of millions of men who will not be able to find a female partner and marry and are more likely to suffer from loneliness, isolation and neglect in old age, to a increased trafficking, up to a number of future births (because men are over-represented in the population of reproductive age). The impact of the asymmetric sex ratio and reduced fertility rates has been studied extensively by.
China also faces a problem regarding educated urban women who are unable to find more educated urban men to satiate them. This leads to an increase in the population of single men and women in
China thus adding to the problems related to the population. Families who would otherwise have educated the chiefs as parents see no achievement on the ground. The unmatched increase in singles and the state’s desperation lead to an increase in the rate of trafficking, as discussed in the “The invisible hand in the heirs of Asia” race on November 30, 2012. Author: Lauren Johnston , Peking University. The study attempts to paint a realistic picture of college admissions and marriage stability. Compare college admissions to the marriage market.
Besides the economic impacts, the population decline has a substantial impact on China’s security and politics. The PLA is already shrinking, even though they try to do high tech, it was observed that they did not have enough educated men able to operate high tech military instruments. In addition, with the huge increase in wages, many men are not opting for high-risk military jobs. This will have an impact on the LPA in the long term despite the
the technological advancements it has made. China is trying to undo the damage it has done to itself by policies such as the one-child policy by implementing a three-child policy and investing heavily in the education sector, but the results will take time and the economic downturn is expected in the near future. with increased internal instability.
Source: IANS
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