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China's fertility rate drops to record low 1.09 in 2022- state media
(www.reuters.com)
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this post was submitted on 15 Aug 2023
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To put it roughly there's a lot of old folks receiving or about to receive retirement pensions but not enough young working folks to pay taxes to make those pensions happen. They still have plenty of people but not enough taxpayers to support the rest of the population.
Edit: and they realized it too late.
Pretty late if they are starting now. Replacement-level fertility is about 2.1 children. Even if they somehow convince their young to increase the rate, it’ll take at least 18 years to see any effect.
Also now it is even harder to support having children for the average Chinese because there's an expectation to take care of your parents and grandparents. If all six are living what resources remain fire marriage and children?