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MacroBusiness Access Subscriber Only Content Demographics is destiny, they say. China’s ageing population has long been considered the economy’s number one long-term headwind. The ‘One Child Policy’ implemented in the 1970s and abolished in 2016 was credited with preventing some 400 million births between 1979 to 2010. There are 1224 words left in this subscriber-only article. The policy initially created a demographic structure that was ideal for economic growth, since China had a large number of workers supporting a few number of dependents (both young and old). However, as the decades have passed, and these workers have grown old and retired, China is suddenly facing a rapidly ageing demographic structure that will weigh heavily on the nation’s growth and development. ....
Three child policy in China dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
Posted by Joseph Brouwer | Jun 1, 2021 China has announced a new three-child policy the latest sign the central government is worried about the country’s demographics. The 2015 repeal and replacement of the one-child policy with a two-child policy did not boost falling fertility rates, the ratio of births to women of childbearing age. This past May, the results of China’s once-a-decade census revealed that China’s fertility rate was 1.3, significantly lower than the replacement level of 2.1. At The New York Times, Sui Lee wrote about The announcement by the ruling Communist Party represents an acknowledgment that its limits on reproduction, the world’s toughest, have jeopardized the country’s future. The labor pool is shrinking and the population is graying, threatening the industrial strategy that China has used for decades to emerge from poverty to become an economic powerhouse. ....
China wants more babies, but some single men choose vasectomies Financial pressures are helping to swell ranks of young people who do not want children about 3 hours ago Sui-Lee Wee, Elsie Chen Huang Yulong, who had a vasectomy at 26 and plans to remain childless, near his apartment in Guangzhou, China. Photograph: Qilai Shen/The New York Times
Huang Yulong never wanted a baby. As a child, he resented his parents, who left him in the care of relatives while they worked in faraway factories, visiting roughly once a year. He never felt a need to reproduce or pass on the family name. So, at the age of 26, he had a vasectomy. ....
China Announces Three-child Policy As Ageing Threatens Its Economy May 31, 2021 | by Samuel Nwite | China has reversed its law that allowed for only two children, allowing women to bear up to three children for the first time since 1980. The three-child policy is aimed to cushion the effects of the country’s ageing population that is threatening its workforce and economy. The decision was announced after a Communist Party Politburo meeting chaired by President Xi Jinping, a meeting in which other proposals such as postponing the retirement age and improving child care services and maternity leave were also discussed, SCMP reported. “Birth policies will be further improved. A policy that allows a couple to have three children will be introduced with supporting measures. This will improve the population structure of China,” a statement from the Communist Party said after the meeting. ....