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China’s population has decreased for the first time in over 60 years, signaling the start of long-term decline that will bring demographic challenges for the world’s second-largest economy as well as the world. The long-term outlook for China, according to U.N. experts, is that the population will continue to decrease by about 109 million people to 1.3 billion by 2050. From a peak of 14.2% growth in 2007, its 2022 figure was a mere 3%, less than half the growth rate of 2021 and the

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