China's Population Declines for Third Year, Aging Worsens

China’s population fell by 1.39 million in 2024, marking a third straight year of decline, reports AP. The trend underscores challenges from an aging population and shrinking workforce. Currently, 22% of the population is over 60, with projections exceeding 30% by 2035. Government efforts, including family incentives and urbanization, have had limited impact. Analysts warn that China risks "growing old before growing rich," as declining birth rates and low immigration worsen the issue. India overtook China as the most populous nation in 2023, reflecting broader demographic shifts across East Asia.