A slow and steady drop is manageable but when the drop is sharp, it will result with a smaller pool of younger generation having to take care an extremely large pool of aging generation with their taxes. China is suffering the after effect of one child policy and they’re panicking.
Your first sentence is correct. But if you look at the historical data, the sharpest drop in chinese fertility rate was several years before they introduced the one-child policy, which also ended several years ago without apparently making any difference. Also, fertility rates in Taiwan, South Korea, Japan are even lower. As these rates are also lower than europe, that maybe related more to housing affordability and density, possibly combined with some common evolution of ‘eastern’ values.
A slow and steady drop is manageable but when the drop is sharp, it will result with a smaller pool of younger generation having to take care an extremely large pool of aging generation with their taxes. China is suffering the after effect of one child policy and they’re panicking.
Your first sentence is correct. But if you look at the historical data, the sharpest drop in chinese fertility rate was several years before they introduced the one-child policy, which also ended several years ago without apparently making any difference. Also, fertility rates in Taiwan, South Korea, Japan are even lower. As these rates are also lower than europe, that maybe related more to housing affordability and density, possibly combined with some common evolution of ‘eastern’ values.