Shrinking Population- China's Big Problem?

This is China. A home to 1.4 billion people. And a country with a huge reliance on its workforce. China made its way to become an economic giant with the help of their massive population. The demographics has made them what they are today.
You see before the initiation of economic reforms and trade liberalization nearly 40 years ago, China maintained policies that kept the economy stagnant, centrally controlled, and relatively isolated from the global economy. But since they started opening up to foreign trade, investment, and implementing free-market reforms, China has been among the world’s fastest-growing economies. Such growth has enabled China, on average, to double its GDP every eight years. This also helped them raise nearly 800 million people out of poverty.
And that one key factor behind this growth, was China's massive and low cost workforce. After economic reforms many foreign companies came to China in 90s and 2000s, in order to reduce production costs and improve their profitability by using China's massive young and cheap work force. And China became an attractive place, or some may also like to call it the world's factory.
But the demographic advantage on which this factory is dependent has started fading away.
Even after being the most populous country. They is leaning towards a demographic disorder. The country's population is aging at a fast pace, and the birth rate too is going down.
This problem is unique to China, though. Because unlike the other developed countries which are part of this trend, China is still a middle-income society, despite being the world’s second-largest economy.
Also we cannot forget that the country is heavily relied upon its workforce, as they are still very much dependent on labor intensive industry. And the demographic challenges are definitely going to make things further hard for China.
So we would like to know your perspective on this? Will this demographic disorder turn into a stagnation. Tell us in the comments below.
#chinademographics #chinacensus

Music:
Creative Commons Music by Jason Shaw on http://audionautix.com/
Music by Audionautix is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/...)

Видео Shrinking Population- China's Big Problem? канала Global Economics