China’s population growth rate dropped to a record low of 7.52 per 1,000 people in 2021, according to the National Bureau of Statistics data on Monday, accelerating a downward trend that led the Chinese government to allow Chinese couples to have up to three children last year.
According to the Bureau, the birth rate in 2016 was the lowest since 1949 when it began collating data, while the Chinese natural population growth rate for 2021, excluding migration, was only 0.034 percent, the lowest since 1960.
“The demographic challenge is well known, but the speed of population aging is clearly faster than expected,” Zhiwei Zhang, Chief Economist at Pinpoint Asset management, said.
“This suggests China’s total population may have reached its peak in 2021. It also indicates China’s potential growth is likely slowing faster than expected,” Zhang added.
Data showed 10.62 million births in 2021, compared with 12 million in 2020, with 8.52 births per 1,000 people.
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