The birth rate in China fell in 2021 to a historic low, according to official data published Monday, January 17, against a backdrop of uncertainties about the future and because of the cost of education.
The Asian country faces a rapidly aging workforce, an economic slowdown and the lowest population growth in decades.
The birth rate in the world’s most populous country was 7.52 births per 1,000 people in 2021, according to the National Bureau of Statistics (NBS). It was 8.52 in 2020. This is the lowest level since at least 1978, when the Asian giant began publishing its annual statistics report.
Couples cooled by the rising cost of living
China has relaxed its birth control policy in recent years. She allowed couples to have two children from 2016, then three from 2021. But these decisions have not led to a birth boom. The Chinese are cooled by the rising cost of living, housing and especially the education of children.
In 2021, the country registered 10.62 million births, according to official data. The rate of natural population increase plunged to 0.34 per 1,000 people last year, from 1.45 in 2000.
“The demographic challenge is well known, but the speed of population aging is clearly faster than expected”said Zhiwei Zhang, chief economist at Pinpoint Asset Management.
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