“Clearly, the situation is becoming urgent. Already the country's population is ageing fast. The first children born under the one-child policy face the prospect of caring for an ever-increasing number of pensioners.”
https://www.bbc.com/news/world-asia-pacific-11404623
“Analysis in Laxenburg, Austria, predicts that the ratio of over-65s to 15-to-65-year-olds in China will increase almost threefold between 2010 and 2035. That means for each person over 65 there will be just three working-age people, compared to 10 today” - 2007
https://www.newscientist.com/article/mg19626291-800-china-sp...
https://www.pewresearch.org/fact-tank/2022/12/05/key-facts-a...
The "crisis" is tied to a population age distribution skewed towards the older, so you have fewer people working and supporting a growing number of retirees.
So.
Perhaps they don't see it as a bad thing?
How sustainable would it be for a population the size of China's to have similar individual consumption levels to the average American?
Perhaps they see a benefit to spreading the resources of their nation amongst 200, 500, 800, whatever million people instead? It will give each person a better quality of life? It will allow the quality of life amongst Chinese people to continue improving, which will support national stability?
Almost like it doesn't matter how good your academics are in a communist dictatorship :) If only we had an example of one such communist dictatorship collapsing despite all their genius planners..