Thursday, January 16, 2020

Birth rates fall in China

The People's Republic of China has been suffering with a falling birth rate for almost six decades and is struggling to promote younger couples to have children. Since the removal of China's two-child policy, which removes the restriction of having one child and no longer sanctions the couple for having more than one child, Younger Chinese are no longer having children because they see it as a burden to have children in their relationships. This is also another result from a higher rate of women now attending universities and graduating and being able to attain careers which give them a sense of financial security. Chinese women no longer seek financial security from their significant others, which makes them to not prioritize child bearing or they no longer see the need of having children at all. This low birth rate has now put China's pension under risk since there are no longer people having kids and with a high older population there are less people replacing the aging work force which will make pensions dry up by 2035.

Source: https://www.nytimes.com/2020/01/16/business/china-births.html

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