“The projection was based on the official birth rate of 1.3 children per woman last year – well below the figure of 2 needed to keep the number stable – and forecast a much more dramatic decline than previous estimates.”
USAGOLD note: Logic tells us the reduction will not happen all at once 45 years from now, but gradually between now and then, so we are not talking about a distant concern. Many will remember the era of the “population bomb” and the projected dystopian impact it was going to have on the economy and environment. Now, with this report, we see a big dent put in that scenario. The obvious question beyond the impact on China itself is: What would such a reduction in China’s population, even if occurring gradually, have on the global economy? This development was completely unexpected and many will be surprised by the headline above.