(MENAFN) The birth ratio in China keeps declining. According to the Wall Street Journal, “Last year’s 10.62 million births, down from 12.02 million in 2020, barely outnumbered the 10.14 million death.” China's birth rate for each female has dropped to 1.3; far beneath the replenishment rate of 2.1.
China's, current and potential, economic development has been hindered by the country's low population expansion. That concern is greatly exaggerated, even if China's greatest development period has passed.
The economy of any country is based solely on the total population multiplied by production for each person. That math is correct, yet it conceals crucial information. That there are a lot of citizens that aren't productive. That is not meant to humiliate anyone, but rather as an acknowledgment that kids and many old people contribute so little to the economic worth.
When rephrasing the math, we get the following information: the total working population multiplied by production per employee determines a country's economy.
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