World

China wants couples to have more children. Chinese are not very enthusiastic.

Shopping malls in China are seeing an increasing number of activity centers like Beijing where children make cakes on Children’s Day, June 1, 2020.

ZZZ | Chugoku Shimbun | Getty Images

Beijing-For many Chinese, government restrictions have long been no longer the main reason for not having children.

This poses a bigger challenge for Chinese authorities trying to limit the negative economic impact of decades of limiting households to one child.

The central government announced on Monday: Each couple can now have 3 children, Is a hot topic for online discussions. Mainly why it is impractical to have three children, let alone three, in modern China.

In a brief poll conducted online by state news agency Xinhua, the overwhelming majority of more than 30,000 respondents said they were not thinking of having children as a result of the new policy. The vote was immediately deleted.

High education costs and inadequate maternity leave and retirement support have increased resistance to having children. Relaxing the limit of two children per couple over the last few years has had little effect on stopping the decline in births and preventing the rapid aging of the 1.4 billion population.

Rory Green, senior Chinese economist at TS Lombard, said on CNBC’s “Street sign Asia“Structural changes, such as improving access to childcare, are” much more important than simply removing the restrictions on the number of children you can have, “he said.

“After this (new policy) came out, one of the jokes on the internet was,’Why do you want another child when you have to take care of your four old parents?’ ..

Marriage registration is reduced

On Weibo on Twitter in China, the top four hashtags that were trending as of Tuesday morning were about the new three-child policy. Each hashtag had hundreds of millions of views.

One popular post Under the hashtag “Changes Brought by Three-Child Policy,” we discussed how women would find it difficult to work. Pursue a professional career.

According to a CNBC translation, “If you are not married, HR will be worried if you need to take a marriage vacation,” the Chinese post said. “Married children If not, the Human Resources Department will be worried if you need to take maternity leave. “

“If you are married and have one child, HR will be worried if you have a second child,” the post added. “If you are married and have two children, the HR department will have a third child. If you are married and have three children, the HR department will be worried if you can get the job done with three children.

Read more about China from CNBC Pro

Another big concern for Chinese couples is whether they can afford to build a house in a good school district, extracurricular lessons, and what else they need to raise a child who believes they can get a good job in a competitive environment. Is a lot of money.

The enthusiastic rat race, often among the elite and narrow social groups of China, has recently received a great deal of attention and the unique term “Nayfan” has become popular. The New Yorker translated it as “Involution” last month.

Fewer people form a family before thinking about their child’s problems. According to Wind Information data, the number of registered marriages in mainland China fell by 12% last year, the first decline in seven years.

Too little, too late?

In the case of China, China is far poorer than Japan, so productivity growth has room for growth, and S & P Global Ratings Chief of Asia Pacific to prevent the economy from falling into Japan’s situation in the near future. Economist Sean Roche said on Tuesday. CNBC’s “Squawbox Asia

However, he pointed out that China is aging faster than Japan and Western Europe, causing problems that need to be addressed urgently.

“When people feel that society as a whole is aging rapidly, they are worried about who will pay their pensions. They will increase their savings and reduce their consumption,” Roche said. “Unbalanced economies cause problems in the real estate market, making the economy too dependent on exports.”

China wants couples to have more children. Chinese are not very enthusiastic.

Source link China wants couples to have more children. Chinese are not very enthusiastic.

Back to top button