China's Aging Crisis Deepens as Working Population Shrinks, Birth Rate Drops, and Pension Burden Grows
• China's working-age population shrank to 61.3% of total population in 2022, down from 62% in 2021
• China's death rate in 2022 was highest since 1974
• Taxes from 1 worker support pensions for 4 retired relatives
• 2023 birth rate fell by 5.7% compared to previous year
• Total population dropped by over 2 million to 1.41 billion in 2023, much bigger decline than 850,000 drop in 2022