Countries including China face challenges from shrinking and aging populations
More countries, including China, are facing declining and aging populations. China's population decreased for the third consecutive year in 2024, dropping by nearly 1.4 million to 1.408 billion. Japan and South Korea have also seen negative growth, with Japan's population falling to 125 million since peaking in 2008. The United Nations reports that 63 countries have reached their population peak, with many in Europe. Governments are responding with financial incentives to encourage higher birth rates, as the trend of shrinking populations poses challenges for supporting aging citizens. In China, the government is considering raising the retirement age and promoting initiatives like "elderly universities" to engage older citizens. These developments reflect a shift in focus towards improving the quality of life for retirees amid demographic changes.