The announcement provides new insight into how the decline in #China’s population could affect Western firms that sell goods and services in the country. An #AgingPopulation is already weighing on China’s economic growth, and policymakers are worried that a #ShrinkingWorkforce could threaten economic and social stability in the long term. #PopulationCrash
#Nestlé is closing an infant formula factory as China's #BirthRate plunges
https://edition.cnn.com/2023/10/19/business-food/nestle-infant-formula-china-birth-rate/index.html