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New Delhi [India]April 21 (ANI): Beijing’s latest views reflect its own sense of insecurity after India’s population overtook China on Wednesday to become the world’s most populous country, Red Lantern Analytica reported.
Even after becoming the second most populous country, China’s working-age population is in sharp decline, and it is because of this “labor force” that the Chinese economy has thrived over the past few decades.
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According to the latest data from the United Nations Population Fund, India surpassed China to become the most populous country in the world with a population of 1.4286 billion. With a population of 142.57 million, China has become the second most populous country in the world.
This is the first time India has topped the UN list of most populous countries since the UN began collecting population data in 1950.
Chinese foreign ministry spokesman Wang Wenbin offered a sharp sarcasm to New Delhi, saying that when assessing a country’s demographic dividend, one must look not only at the demographic dividend but also at the quality of the population, as India’s population surpassed China’s on Wednesday to become the most populous country in the world .
“To measure the demographic dividend of a country, we must not only look at the scale, but also look at the quality. The scale is important, but what is more important is the human resources. Among the 1.4 billion Chinese population, nearly 900 million are of working age, and the per capita income has been earned.” 10.9 years of education,” Wang Wenbin said.
The statement reflected China’s sense of insecurity. According to Red Lantern Analytica, it is an established fact that the main reason why China’s economy has flourished in the past few decades is the abundance of cheap and forced labor, rather than the “quality” and high skills of the demographic dividend.
Meanwhile, by contrast, many of India’s top talent are currently leading Fortune 500 companies.
Top CEOs of Indian descent include Starbucks CEO Laxman Narasimhan; Google and Alphabet CEO Sundar Pichai, Adobe CEO Shantanu Narayen and others.
According to Red Lantern Analytica, “Made in China” products are notorious worldwide for being poor quality and cheap in terms of labor quality.
While the Chinese Communist Party may not think so, there is evidence that poor business ethics, corruption, disrespect for the well-being of citizens, and China’s powerful authoritarian elite have been the root causes of the decline in the quality of its products and services.
A report published by The New York Times documents how corruption and lies have become endemic among the Chinese professional class.
“There is dishonesty in society, including students cheating on gaokao, academics advocating false or unoriginal research, and dairy companies selling poisoned milk to babies,” it said.
It’s become part of their culture. During the COVID-19 pandemic, China has been criticized for supplying poor-quality personal protective equipment to countries affected by COVID-19 around the world.
Red Lantern Analytica said that it is completely hypocritical for the CCP to talk about India’s demographic dividend and “quality” aspects when China is facing many serious problems related to the labor situation at home.
The seventh national census of the People’s Republic of China indicates that there may be a labor gap in China in the next decade and beyond. The projected annual labor shortfall is approximately 11.8 million. Structural unemployment is rampant in China’s high-skilled sectors.
According to a report by the World Economic Forum, China has 170 million skilled workers, but only 7 percent of the total employed population are highly skilled workers who are considered capable of performing complex tasks and adapting quickly to technological changes. Therefore, the quality of China’s labor force is not as superior as it tries to predict. It has size and scale, but not enough quality. (Arnie)
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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