Implementation and Impact of Third-Child Policy

Source: Bloomberg

We Need More People!

“Who would want to have a third kid when it is nearly impossible to support themselves? I do not want to get married or bear child. That is the most miserable situation I can put myself in, and I am not dumb.” stated my cousin, NanNan who is currently living in Fuzhou, China. What NanNan said reflected many people of the younger generations

Understanding the Social Structure of China

China is the second populated country in the world with a total population of 1.4 billion by 2023. However, the fertility rate of China has been plummeting since the late 1970s. In 2023, it reached an astonishing number of 1. What does this number suggest? In order to have a continous population growth, the total fertility rate of a country must reach the replacement rate of 2.1.