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Transcripts For BBCNEWS Newsday 20240706

both with one another, and also with our many allies and partners. and could one of britain s richest men become the new owner of manchester united football team? live from our studio in singapore. this is bbc news. it s newsday. hello, and welcome to the programme. we begin in china where an unwelcome milestone has been reached. the country s population fell for the first time since the 1960s, and the national birth rate also fell to the lowest it s been since data collection began, in 1949. the announcement on tuesday comes alongside one of china s worst economic performances in almost half a century the labour force is shrinking, as the country s retired population keeps growing. this also means india is expected to overtake china as the world s most populous nation later this year. let s take a look at some of the numbers. china s population last year was over 1.4 billion people, according to official data that s a decrease of 850,000 people from 2021. as for the na

McKinsey Global Institute: Nearly 6% growth in productivity needed for India, China to catch up with developed nations

McKinsey Global Institute predicts that emerging market economies like India and China will achieve faster productivity growth and living standards if they maintain a 6% annual growth rate. These economies contributed nearly half of the productivity gains between 1997 and 2022, helping lift nearly a billion people out of poverty.

Transcripts for BBCNEWS Newsday 20240604 00:04:00

through a demographic transition where we are having sustained falls in fertility rates over time, and china s fertility levels has been below replacement levels since the 1990s. it has a profound impact on the population and you ve got fewer young people supporting an ever larger share of elderly chinese. why is this happening? talk us through the historical context of all of this. there are a number of reasons that fertility falls, initially it is about childhood mortality, as infants set by, people reduce their family size but as economies develop and modernise, we had seen that the cost of children capital shifts, so in agrarian societies children can be a source of labour. but as countries industrialise and urbanise, they become a net cost, so people want fewer children, they focus on the quality rather than the quantity of children.

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