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The Intelligence from The Economist

Baby bust: China’s census

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 12 May 2021

⏱️ ? minutes

🧾️ Download transcript

Summary

China just unveiled the results of its first census in over a decade. The results are striking, if not surprising: the world’s largest country will soon stop growing. Yet if a greying population causes economic headwinds, Chinese officials also have reason for cheer. With digital currencies in vogue, central banks want to get in on the action. The rise of “govcoins” could transform monetary policy and expand access to bank accounts. But it could also destabilise private banking. And roadkill isn’t just an unsightly nuisance. It also offers a way of counting elusive species.

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Shashankyoshi,

0:09.8

filling in for Jason Palmer. Every weekday we provide a fresh perspective on the events

0:15.2

shaping your world. Central bankers are hardly known as tech pioneers, yet many of them

0:22.6

around the world are keen to launch their own digital currencies. If done well, that might

0:28.8

give millions of people access to bank accounts. If done wrong, it could cripple private banks

0:35.6

and enable government surveillance. And you might not think Roadkill is that useful,

0:42.4

at least if you're not a vulture, but scientists in Ecuador have found an ingenious use for

0:47.1

animals, splattered on the tarmac. We look at the benefits of counting carcasses.

0:56.6

Let's start, though.

1:01.2

The world's biggest country is still getting bigger, but not for much longer. Yesterday,

1:07.7

China released the results of its later census. It showed that the population had grown by

1:13.2

5% from a decade ago, to over 1.4 billion people. Yet it also revealed a sharp drop in

1:20.3

births last year, putting it on track to hit its peak population within the decade. That

1:26.7

slowdown will force the Communist Party to face up to some serious social and economic

1:32.1

challenges.

1:33.5

It's a once-a-decade census everybody was waiting for the results.

1:37.0

Simon Rabinavitch is our Asia economic seditor.

1:40.5

Initially, in fact, the government had said they would be out in early April. More than

1:44.5

a month passed, finally, they released them yesterday. So, you know, everybody has been

1:48.8

scrutinizing the numbers both for what they say and for potentially what they're covering

1:53.8

up.

1:54.8

And what did the Chinese authorities pull out of this and emphasize?

...

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