The rise of automation to supplant the poor rural labor has been discussed to death. The population reduction is mild; there are jobless young people. Because of China's massive anti-poverty drive, it's not even certain yet if that population reduction even translated to a labor reduction in the short-medium term because of all the extremely poor communities getting lifted from being totally useless (farms for just enough to stay alive) to being blue collar labor. Furthermore, the rise in automation is not mild; it is extremely fast. Doesn't look to be any serious gap coming along.
It's not that people are taking it lightly; it's that it's more important to analyze behind the number rather than focus panic on the number. Have you read through the thread? So many facets have been addressed before, it's difficult to reiterate all of them in 1 post so just a few points:
1. Rise of automation offsets decline in manual labor... though it's uncertain that there is a decline (see above answer to
@FriedRiceNSpice)
2. Useful population (low-middle class and up) in China grows while total population declines
3. America has 330M people on the same land mass as China; they are lazy and scholastically poor compared to the Chinese. Why does China need to panic with over 1.3B people?? India has 1.4B people; that country basically doesn't work. Therefore, it is testment that the quality of the people is far more important than having an insanely high number of them.
At the rate it's going, the selfish I-don't-want-kids-I-just-want-to-enjoy-life community in China will probably just get old and die; their genes will disappear. And that's fine. Any efforts should be focused on allocating resources to those who want to have kids so they can have many kids as they can handle and they will inherit the country.
Lastly, why worry about Korea? They're working themselves to death FOR NO REASON!! China has the US to fight against; we worked hard to beat them in the trade war; we're working hard to beat them at the tech war, and we must always work hard so they fear us too much to start a hot war. Korea's just killing itself working for no damn goal or reason whatsoever. They are running around like a headless cockroach. Forget about them.