In this zodiac cycle, those born between Feb.10, 2024 and Jan. 28, 2025 will be classified as "Dragon babies."
While people in China also hold these beliefs, birth rates in the country have actually fallen during the "Dragon Years."
For instance, Singapore's birth rates rose by 21% in 1988, and 8% in 2000 and 2012.
Asian folklore, however, may not be able to do much for China's falling birth rates, which could continue to drop "quite precipitously," Tay warned.
China's birth rates have seen a secular decline, falling to 6.39% in 2023 from 22.37% in 1988.
Persons:
Jacelyn Phang, feng, Yuan Zhong Siu, Phang, Erica Tay, Maybank, Tay, Tianchen Xu
Organizations:
CNBC, The Economist Intelligence
Locations:
China, Asia