China bets on productivity over population to drive its economy
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An older man and woman are pushed in wheelchairs along a street in Beijing on Tuesday. | AFP-JIJI
Bloomberg
May 12, 2021
With a well-paid job in one of China’s wealthiest cities, Chen Xiaoyu decided it was time to get married this year. But starting a family is not on the agenda.
“If possible, I would want to get sterilized,” said Chen, 29, who works at a hospital office in Shanghai. “The financial pressure is unimaginable. I just couldn’t afford the cost of raising a child on top of housing loans.”