: Chinese census results point to socioeconomic challenges that will impact the world #IndiaNEWS #Commentary By Tomas SobotkaThe Olympics has always been the worlds major sporting event and history

Chinese census results point to socioeconomic challenges that will impact the world #IndiaNEWS #Commentary
By Tomas SobotkaThe Olympics has always been the worlds major sporting event and history is witness that there have been many eye-openers incidents for nations to ponder on; Tokyo Olympics is not much different. For ages, China has been a closed society and nothing much was known about the internal issues and dynamics of the society. Things are changing with the advent of technology and issues related to Chinese society are coming to the front. Chinese decline in population and the insecurity associated with it is one of the issues that have raised the alarm bells in Beijing. The backlash that has come after a Chinese adopted athlete (MacNeil) has won the gold medal for Canada has worsened the situation for CCP as it is seen as a direct impact of Chinas One-Child Policy. Society is experiencing an inverted population Pyramid which fewer young supporting a bulky older population. with the Gold going to Canada in butterfly swimming style experts are discussing whether the butterfly of progress has already flown away from China.
The ageing population of China is a concern on the economic front as well but its impact is not yet clear. From one lens, China could face Japanese Style decline as has been discussed in detail in an article published on merics. org with the title heading ageing-China-facing-Japanese-style-lost-decade by LA Johnston. One the other hand, Chinas long-term preparations to shift from labor quantity to labor quality and technology as its working-age population falls, may see it cope better with population ageing than other economies home to ageing populations. There may, that is, be a long-run upside to getting old before rich, at least for economies that have had the right policies in place over time. Time will tell.
The latest census in China broadly confirms the trends that have been reported and broadly expected during the last decade: it gives a picture of slowing population growth, an ageing population, but also of a rapid higher education expansion and a high level of mobility and continuing urbanization. Almost two-thirds of the population (64 per cent) now live-in urban areas, up from half in 2010. Overall, the reported trends appear credible despite the delay in their reporting. However, more detailed results are still to be published and these will provide a more nuanced picture of the latest population trends, also by regions and for specific age and population groups.
China has enjoyed the unprecedented growth of the economy mainly due to the availability of cheap labour in the country owing to the large proportion of the population being work-capable, however, with the declining population the trend is changing.

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