China Faces Demographic Crisis as Child-Rearing Costs Soar
A new report highlights the economic and social barriers to parenthood in China, leading to one of the world's lowest fertility rates.
- China is now the most expensive country to raise a child, with costs 6.3 times its GDP per capita, far surpassing other nations.
- The high cost of child-rearing is driving a significant decline in China's fertility rate, exacerbating the country's demographic crisis.
- Women bear the brunt of the economic and social costs of parenthood, facing reduced wages, lost work hours, and career setbacks.
- Despite government efforts to encourage higher birth rates, financial and societal pressures deter many from having children.
- Experts warn that without significant policy changes, China's rapidly aging population will negatively impact its economy and global standing.