Tuesday, February 13, 2018

"about four-fifths of Chinese couples say financial pressures are stopping them from having a second child"


That’s particularly true in China’s cities, where 14.3 percent of total household expenditure goes to children’s education, according to a study published by Peking University last year. Factor in soaring apartment prices, and it’s not altogether surprising that fertility rates in such places as Beijing and Shanghai have dipped below one, probably the lowest in the world, says James Liang, author of The Demographics of Innovation (Wiley, February 2018), a book that looks at the economic implications of China’s aging population. Although fertility is higher in rural areas, women of childbearing age nationwide had an average of just 1.6 offspring last year, which is slightly below Russia and on a par with Canada. (Liang expects the rate in China to start falling again after the initial enthusiasm for the loosened policy dissipates.)
In other China news: