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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.”
Productivity, not people power, may drive Chinaâs economy
Bloomberg News
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With a well-paid job in one of Chinaâs wealthiest cities, Chen Xiaoyu decided it was time to get married this year. But starting a family is not on the agenda.
âIf possible, I would want to get sterilised,â said Chen, 29, who works at a hospital office in Shanghai. âThe financial pressure is unimaginable. I just couldnât afford the cost of raising a child on top of housing loans.â
Construction workers walk along a road in Shanghai. Chinaâs population is ageing more quickly than most of the worldâs developed economies due to decades of family planning.Â
China Says Population Grew in 2020, Rebutting Report of Drop
Bloomberg 3 hrs ago Bloomberg News
(Bloomberg) China said its population increased in 2020, countering concerns that its upcoming census will show a possible decline as the nation ages rapidly.
“China’s population continued to grow in 2020, and the detailed numbers will be released in the seventh census report,” the National Bureau of Statistics said in a one-line statement Thursday, without giving further details.
The once-in-a-decade census report was initially meant to be published sometime in April, but there’s been no indication from the government on the timing of the release. The Financial Times reported earlier this week that the population declined last year, citing unidentified sources, though a story from the state-run Global Times rebutted that, quoting an independent demographer He Yafu saying the population may peak as early as 2022, much earlier than previous predictions.
People’s Bank of China: a guide to China’s interest rates
Rebecca Cattlin April 28, 2021 10:26 AM
The People’s Bank of China is somewhat of an enigma compared to other central banks. Find out everything you need to know about the PBOC and how its meetings influence financial markets. Share:
What is the central bank of China?
The central bank of China is called the People’s Bank of China or PBOC. It’s the body in charge of setting monetary policy – including setting interest rates – and regulating financial institutions in mainland China.
The PBOC is known as the most financially resourceful bank in the world, but as of 2020, it only has the fourth-largest total asset holding of any central bank, totalling $5.9 trillion in 2020 – the other largest being the ECB ($8.9 trillion), the Fed ($7.6 trillion) and BOJ ($6.6 tri