Now, after more than three decades, the Chinese government is ending its controversial one-child policy. Originally implemented in 1980 to curb its rapid population growth, China’s one-child policy has witnessed a fertility rate decline from 2.7 births per woman in 1981 to 1.6 births in 2015. Those who backed the one-child policy claimed it led to 300 million fewer births and lifted 200-400 million people out of poverty.
Yet, the one-child policy has taken a toll, with more than 336 million abortions and 222 million sterilizations having since taken place. Gender imbalance in China, with 115.9 boys born to every 100 girls in 2014, has led to increases in sex-trafficking and prostitution. The Chinese population is aging drastically, with an estimate of one in every three Chinese being over 60 years of age by 2050 and a dwindling working class to support them. The country is also facing labor shortages and slowing economic growth.
Despite the move by the government to lift the policy, experts warn that it will take decades before the demographic crisis is relieved. In the meantime, social and health care needs for the nation’s elderly continue to grow.
Today’s viz shows the impact the policy has had on China’s population and economy in the past and for years to come.
Live data and insights on Coronavirus around the world, including detailed statistics for the US, EU, and China — confirmed and recovered cases, deaths, alternative data on economic activities, customer behavior, supply chains, and more.
The population of China currently exceeds the population of India by approximately 70 million, according to estimates from the United Nations. The UN's World Population Prospects report puts the population of China at 1.38 billion, compared to 1.31 billion for India. Other sources' estimates of current population range from 1.37 to 1.40 billion for China and from 1.28 to 1.31 billion for India. Just as current population estimates differ, so do forecasts as to when the difference in the population between the two countries will level off. According to the United Nations',...
(17 April 2020) Chinese GDP contracted 6.8 percent in the first quarter of 2020 according to China's National Bureau of Statistics. While it is the first decline in the history of quarterly GDP growth records, which date back to 1993, annual GDP, which has a longer history, dropped below zero once before in 1976. It is still unclear whether the Chinese economy will register a decline at the end of 2020. According to the IMF's latest World Economic Outlook, China is among the critical few economies that are still projected to grow in 2020. China's rapid economic downturn is tied to...
(8 April 2021) Amid COVID-19 vaccination progress and new stimulus measures from the US government, IMF economists are predicting a shining near-term future for the global economy. Here are the key takeaways from the April 2021 edition of the IMF's World Economic Outlook (WEO) report: The IMF now estimates 2020 growth to have been -3.3 percent, a 1.1 percentage point upward revision from its October 2020 projection. The outlook for 2021 improved by 0.8 percentage points, to 6%, based on expected additional fiscal support in the US and other large economies and anticipated...
(14 October 2020) The corona-crisis is different from past economic recessions in that it has touched all economies without exception. But if we look from economy to economy, we quickly observe that the economic consequences of the corona-crisis are far from uniform. To understand why, for example, GDP in Korea dropped just 2.8% YoY in Q2 2020 while India experienced a 23.9% YoY contraction, we collected key macroeconomic indicators for Q2 2020 for the world's 15 largest economies. At first blush the data was disappointing, because the economic strain appeared again to be rather...
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