China has reported a record low birth rate in 2023, with only 6.39 births per 1,000 people, the lowest since the founding of Communist China in 1949. Some 9.02 million babies were born, compared to 9.56 million in 2022, contributing to an overall population decline of 2.08 million people. The country's demographic shift comes as its economic growth is slowing, with concerns about its aging population and shrinking workforce. Analysts suggest that China may need to implement structural changes in its economy, particularly in healthcare and housing, to address these challenges and stimulate economic growth.