Despite 2-child policy, China sees fewest births in almost 60 years in 2018

The number of babies born last year fell by some 2 million from 2017, to 15.23 million, it was the least since 1961 and the third-lowest since the founding of the People’s Republic of China in 1949

International News: Births in China dropped to the lowest level in almost 60 years in 2018, signaling the country’s looser two-child policy has done little to reverse its slowing birthrate, and worsening the outlook for growth in the world’s second-largest economy.

The number of babies born last year fell by some 2 million from 2017, to 15.23 million, data from the National Bureau of Statistics showed on Monday. Demographer He Yafu said it was the least since 1961 and the third-lowest since the founding of the People’s Republic of China in 1949.

The demographics stand to fuel concerns about China’s economy, which is on a long-term slowing trajectory even as signs of stabilization suggest efforts to cushion its deceleration are taking hold. China’s expansion was the slowest since the 2009 financial crisis last quarter, as the government grapples with a debt cleanup and ongoing trade war with the U.S.

Signs of a steep drop in birth numbers had already emerged, as China’s major cities disclosed their birth figures for 2018. Wenzhou, a manufacturing hub and wealthy coastal city, saw its birth number drop to the lowest level in 10 years. A neighboring city, Ningbo, estimated births declined by about 17 percent.

A top Chinese research institution projected the population could start shrinking as soon as 2027 — three years earlier than expected — if the birth rate held steady at 1.6 children per woman. The population — at 1.39 billion in 2017, and the world’s largest — could fall to 1.172 billion by 2065, it said…

Contain Source by Business Standard or BS