China Needs More Babies: Caixin

China’s fertility rate has barely budged even though the government has loosened its one-child policy for families. Population is linked to economic growth yet uncertainty combined with a rising living standard and cultural acceptance of small families contribute to the trends. China’s fertility rate is 1.8 children per women, below the 2.1 replacement rate. The nation posted 17 million births in 2017, 15 million in 2018 and could be on track for 11 million this year by some reports. In planning schools, housing, transportation and more, governments must consider population trends. “The impact of fertility on economic development lags by about 20 years, roughly the time period needed for people to enter the workforce after birth,” explains James Liang. He argues that a smaller population could contribute to reduced economic growth. Smaller cities will struggle with reduced demand for housing or transportation. He suggests that artificial intelligence could support a larger population and larger populations produce innovations. China’s median age is 37. Urging policies that support larger families, he concludes, “A strong population of young people means a strong China.” With more than 1 billion people, China is the world's most populous nation. – YaleGlobal

China Needs More Babies: Caixin

China’s fertility rate remains low; an economist urges the government to drop population control – even though citizens are accustomed to small families
James Liang
Sunday, December 8, 2019

Read the article from Caixin Global  about China’s stagnant fertility rate.

James Liang is the chairman and co-founder of online travel giant Ctrip. He is also a professor of economics at Peking University’s Guanghua School of Management. He is the author of Too Many People in China? which analyzes the impact of aging on entrepreneurship and innovation.

 	Births (millions) 2008	16.08 	16.15 2010	15.96 	16.04 2012	16.35 	16.4 2014	16.87 	16.55 2016	17.86 	17.23 2018	15.23  - Workforce increased by a total of 3.64 million in 2008 and decreassed by 500,000 in 2018. Fertility rate was 1.62 in 2008 and 1.69 in 2018.

(Source: Statista)

Caixin Global