China’s population fell last year for the third straight year, its government said Friday, pointing to further demographic challenges for the world’s second most populous nation, which is now facing both an aging population and an emerging shortage of working age people. [time-brightcove not-tgx=”true”] China’s population stood at 1.408 billion at the end of 2024, a decline of 1.39 million from the previous year. The figures announced by the government in Beijing follow trends worldwide, but especially in East Asia, where Japan, South Korea, Hong Kong and other nations have seen their birth rates plummet.