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☆ China's population decline likely won't be solved by throwing money at its citizens, an expert on China says
▼ + stars: | 2024-02-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

China's ruling party introduced a "three-child policy" in 2021, welcoming families to have more than two children. A solution for China's demographic crisis likely won't come through a few policy initiatives, Wang argued. The law was introduced, in part, as an effort to boost the country's birth rate. Taiwan has so far invested $3 billion in implementing programs to get more citizens to have children, The Los Angeles Times reported. This is a "global shift," Wang told BI.

Persons: —, Wang Feng, Wang, BI's Huileng Tan, China's, Ethan Michelson, Michelson Organizations: Service, country's National Bureau, Statistics, Business, University of California, Communist Party, Chinese Community Party, Ethan Michelson , Indiana University Bloomington's, East Asian, BI, Los Angeles Times Locations: country's, China, Irvine, Hangzhou, East China, Wenzhou, Ethan Michelson ,, Seoul, South Korea, Italy, Taiwan

☆ China is facing a brutal reality as it desperately tries to fix its population decline problem
▼ + stars: | 2024-02-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

China's population fell for a second consecutive year as the birth rate reached a record low. AdvertisementFor the second year in a row, China's population fell. But still, the Chinese population — young people, in particular — did not bite. The law was introduced, in part, as an effort to boost the country's birth rate. This is a "global shift," Wang told BI.

Persons: —, Wang Feng, Wang, BI's Huileng Tan, China's, Ethan Michelson, Michelson Organizations: Service, country's National Bureau, Statistics, University of California, Communist Party, Chinese Community Party, Ethan Michelson , Indiana University Bloomington's, East Asian, BI, Los Angeles Times Locations: country's, China, Irvine, Hangzhou, East China, Wenzhou, Ethan Michelson ,, Seoul, South Korea, Italy, Taiwan

[1/7] Farmer Wang Zhanling sits next to his wife in their house in Quansheng village, Heilongjiang Province, China, February 8, 2023. The state-run Chinese Academy of Sciences sees the pension system running out of money by 2035. "If the pension system does not change, this is unsustainable," said Xiujian Peng, senior research fellow in the Centre of Policy Studies at Victoria University in Australia. The province has the lowest birth rate in China, with just over 100,000 births in 2021 and 460,000 deaths. Many experts, including Macquarie's chief China economist Larry Hu, suggest implementing a unified national pension system, backstopped by the more resourceful central government rather than cash-strapped local administrations.

☆ China set for historic demographic turn, accelerated by COVID traumas
▼ + stars: | 2023-01-13 | by ( Farah Master | ) www.reuters.com time to read: +5 min

[1/3] Ang Ran and her 2-year-old son Tang Ziang look out from their home in Beijing, China November 8, 2022. A glimpse of the scars caused by the pandemic to China's already bleak demographic outlook may come to light when it reports its official 2022 population data on Jan. 17. "In less than 80 years China’s population size could be reduced by 45%. The United Nations predicts China’s population will start to decline this year when India overtakes it as the world's most populous country. U.N. experts see China's population shrinking by 109 million by 2050, more than triple the decline of their previous forecast in 2019.

☆ China's booming electric-car industry could transform its military's submarine fleet
▼ + stars: | 2022-10-31 | by ( Stephen Chen | South China Morning Post | ) www.businessinsider.com time to read: +6 min

Solutions for problems with the batteries have been found through work in the booming electric car market, their study says. China has the world's largest conventional submarine fleet, with an estimated 60 to 70 vessels. The main purpose of China's conventional submarine fleet is to protect its coastal areas and strategic waters including the Taiwan Strait and the South China Sea. JMSDF/TwitterThe booming electric car market has also brought changes in the defence industry. Germany and France have also developed prototype lithium batteries for submarine use with plans for military service in the near future.

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