China Faces Looming Demographic Crisis as Births Plunge to Record Lows

China's birth rate is rapidly declining, dropping for the 7th straight year in 2023 to just 2.08 million births
Celebrity economist Ren Zeping warns China is approaching a point of no return in reversing birth rate declines
China had more deaths than births in 2022 for the second consecutive year
Ren calls for expanded maternity leave, strengthened paternity leave, increased financial subsidies for families based on number of children
If current trends continue, China's population could plunge by 60% by the end of the century