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· 2020-12-18 · Source: NO.52 DECEMBER 24, 2020
Workers on the construction site of a bridge meant for rail transit in Chongqing Municipality, southwest China, on July 15(XINHUA)
1 Economy Gains Positive Growth
Despite the impact of the novel coronavirus disease (COVID-19), the Chinese economy is projected to achieve positive growth in 2020. China will grow by 1.9 percent, the only major economy that could see growth this year, the International Monetary Fund forecast in its latest World Economic Outlook report on October 13.
According to the National Bureau of Statistics (NBS), the first three quarters registered a 0.7-percent growth year on year. The GDP is expected to exceed 100 trillion yuan ($15.3 trillion), as per the communiqué of the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China (CPC) issued in October.
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· 2020-12-13 · Source: NO.51 DECEMBER 17, 2020
LI SHIGONG
According to the Ministry of Civil Affairs, China s total fertility rate (TFR) has fallen below the warning line as the country s population development has hit a critical point. The birth rate on the Chinese mainland dropped to 10.48 per 1,000 people in 2019, the lowest in seven decades, according to the National Bureau of Statistics (NBS).
Keeping in line with international standards, a country needs a TFR of 2.1 to maintain a stable population. All this is taking place at a time when China has relaxed its family-planning policy.
This grim picture of China s population contraction has generated much buzz across Chinese society. Given that the relaxed family-planning policy has failed to reverse the decline of the birth rate in recent years, most people argue that the high cost of living as well as raising and educating a child should be blamed for young couples low interest in having two children. The
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