The Hindu Editorial Analysis : 25th March 2023

25/03/2023

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The Hindu Editorial Analysis

The Importance of Reading The Hindu Editorial: Reading The Hindu newspaper has several benefits, including improving reading skills, facilitating comprehension, staying informed of current events, enhancing essay writing, and more. For individuals aiming for a career in banking, reading editorials is crucial for vocabulary building. In this article, we will examine today’s editorials, provide practice questions, and highlight important vocabulary words.

Aging.

The last time China’s population saw a decline was in 1961, in the midst of a devastating four-year famine following Mao’s failed “Great Leap Forward” campaign.

The latest decline in population, however, is no blip.The shrinking of the world’s most populous the country by as much as 8,50,000 in 2022 marks a watershed moment with lasting consequences for China and the world.

Beijing announced on January 17 that births in China last year dropped by more than 10% to 9.56 million, with 10.41 million deaths.
The 1.411 billion population will certainly be overtaken by India’s this year. China’s population story holds lessons for countries that have tried robust interventions in social engineering.
China has spent the greater part of two decades trying — and failing — to get families to boost birth rates that have been declining since the government introduced a harsh “one-child policy” in 1980.

The belated introduction in 2016 of a “two-child policy” to course correct was not met with the enthusiasm that planners had expected for a relaxation announced with fanfare.

A government survey found that 70% would not have more children citing financial reasons.
China’s economy is already feeling the impact of demographic change. The 16-59 working age population (2022), was 875 million, a decline of around 75 million since 2010.

Wages are rising,and labor-intensive jobs are moving out, predominantly to Southeast Asia. The above-60 population, meanwhile, had increased by 30 million to 280 million.
The number of elderly will peak at 487 million by 2050 (35% of the population). China’s National Working Commission on Ageing estimates spending on health care for the elderly will take up 26% of the GDP by 2050.
Signs are China is already on track to follow Japan’s example of a prolonged period of a shrinking workforce with declining growth.
As a paper from Japan’s Research Institute of Economy, Trade and Industry pointed out, the proportion of child and elderly populations in China as of 2020 was similar to Japan’s in 1990.