My last two posts focused on labor shortages and population growth; two critical societal building blocks that converge in ways that shape our future. Continuing with that theme, this recent article looks at these building blocks through the lens of China.
China has edged over a demographic precipice: Its population has begun to shrink. United Nations data published on Monday showed that the long-anticipated tipping point came in the first half of the year; it’s a significant moment for a country whose large population helped transform it into a manufacturing powerhouseLili Pike – The end of China’s population boom has arrived. How will the country’s changing demographics shape its future?
According to the referenced United Nations Data, the world’s population is projected to reach 8 billion on 15 November 2022. The report titled World Population Prospects 2022 provides the latest United Nations projections that suggest the global population could grow to around 8.5 billion in 2030, 9.7 billion in 2050 and 10.4 billion in 2100. Another data point from the U.N. report highlights that population growth is driven in part by declining levels of mortality, as reflected in increased levels of life expectancy at birth. Life expectancy reached 72.8 years globally in 2019, increasing 9 years since 1990. Mortality reductions are projected to result in an average longevity of around 77.2 years globally in 2050Continue reading