China's population falls for first time in over 60 years

• A total of 9.56 million people were born in the country in 2022 and 10.41 million people died, per the NBS.

Of note: The United Nations projects that India will overtake China as the world's most populous nation at some point this year.

The big picture: The data comes as Beijing grapples with a surge in coronavirus deaths after shifting from its zero-COVID policy that saw restrictions including lockdowns weaken its economy and disrupt global supply chains.

• Data from the NBS Tuesday showed China's economy grew 3% last year — well short of the ruling Chinese Communist Party's 5.5% target at the start of 2022.

Background: Beijing has in recent years moved to respond to its slowing population rate by relaxing family planning restrictions related to its strict one-child policy that came into effect in 1980 and was abolished in late 2015.

Thought bubble, via Axios' Bethany Allen-Ebrahimian: This marks a clear inflection point that will slowly but dramatically change Chinese society and politics over the next few decades.

Go deeper: What China looks like after a decade of Xi Jinping's rule

Editor's note: This article has been updated with additional details throughout.