People of Chinese ancestry now hold the world’s lowest fertility rate. According to official data, the 2010 fertility rate in China was 1.18, and this number has remained below 1.5 over the past decade.
What could this low fertility rate mean for China?
A Decline in the labor force, which might negatively affect future economic growth.
Reduced domestic demand: real estate, automobiles, home appliances, and other consumer goods industries do not have an optimistic outlook.
An aging population adds pressure on social services, thereby lessening the pension fund.
Reduced sense of wellbeing as a result of weaker social ties.
Reasons for the low fertility rate:
Social security taxes have increased for young people
The cost of raising children has increased.
Working women are experiencing increased pressure at the workplace, and do not find the time or energy for children.
Photos are from Weibo.com
The following photos are also from Weibo.com
Words on their heads: ‘older’ on the left and ‘younger’ on the right