China’s Births Hit Historic Low, a Political Problem for Beijing

China announced on Monday that its birthrate plummeted for a fifth straight year in 2021, moving the world’s most populous country closer to the potentially seismic moment when its population will begin to shrink, and hastening a demographic crisis that could undermine its economy and even its political stability. The falling birthrate, coupled with the increased life expectancy that has accompanied China’s economic transformation over the last four decades, means the number of people of working age, relative to the growing number of people too old to work, has continued to decline. That could result in labor shortages, which could hamper economic growth, and reduce the tax revenue needed to support an aging society.- NYTimes