Posted 1/16/2024, 8:43:54 AM
China's Slowing Economy Deters Marriage Among Wealthy Youth
- Some wealthier Chinese say they can't afford marriage as economy slows
- Record low marriage registrations in 2022 amid high youth unemployment and low consumer confidence
- China's fertility rate is one of the world's lowest, concerning policymakers
- Local governments announcing measures to encourage marriage like tax deductions and housing subsidies
- Younger Chinese want to marry but are hindered by high housing prices, job uncertainty, and economic situation