China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation

Trip.com cofounder James Liang warns that China's record-low birth rate of 5.63 per 1,000 people in 2023 threatens innovation, as declining populations reduce the talent pool for technological advancement. He highlights East Asia's demographic crisis, with Japan, South Korea, and others nearing 'super-aged' status, and notes global fertility rates below replacement levels in two-thirds of countries.