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China announces fertility subsidy programm as births hit historic lows
China announces fertility subsidy programm as births hit historic lows

Euronews

timean hour ago

  • Business
  • Euronews

China announces fertility subsidy programm as births hit historic lows

Long seen in the West as a byword for the Chinese Communist Party's heavy-handedness, the one-child policy became a trope for Chinese authoritarianism. While the policy was officially scrapped in 2015 after years of looser enforcement, China now faces unprecedentedly low birth rates — and has announced it will begin offering childcare subsidies for the first, second and third child up to the age of three, starting this year. Under the plan, families will receive what the government calls a 'fertility bonus' of 3,600 yuan or just over €430 per child until the age of three. While the national government will pay this 'base' amount, local authorities are free to top it up depending on their own resources. The CCP said the nationwide rollout of cash subsidies will help ease the pressure of childcare expenses and will help to prevent a further decline in the fertility rate. Crucially, the subsidies will be tax-exempt and excluded from calculations of household or individual income, ensuring they do not affect eligibility for minimum living allowances or extreme poverty assistance. Why now? In 2024, China's total fertility (TFR) rate — the average number of children a woman is expected to have over her lifetime according to current patterns — was around 1.15 children per woman. That's among the world's lowest and below the so-called 'replacement level' of 2.1, meaning the baseline for the population size to stay the same. Demographers use these rates to measure whether a population is shrinking, growing or staying the same. The goal of the new policy would not be to expand the population, but to keep it at a relatively similar size without seeing it skew too heavily towards an ageing population. The latter is a problem faced by many European economies. According to the World Health Organization, by 2040, around 28% of China's population will be over the age of 60, threatening to disrupt what used to be a growing labour force and competitive wages. This also skews the dependency ratio, with funds in the economy going to supporting elderly relatives, increased healthcare costs and pensions. In 2022, China's population shrank for the first time since 1961, marking a yearly drop of 850,000 people as deaths outnumbered births. In 2023, the worst year on record, the population fell by approximately 2.08 million, and the decline continued in 2024 — improving only slightly — as it fell by 1.39mn. Chinese growth miracle is reversed In 1978, China went through political and economic reforms, including opening up parts of its economy to combat rural poverty and absorbing hundreds of millions of workers into its labour force. It is widely considered one of the fastest economic transformations in history, with China becoming the biggest net exporter in the world and its economy growing an average of about 9.5% per year until 2018. Of course, the economic clout came with political and diplomatic power. Now, the population decline could lead to China falling on the wrong side of the demographic dividend as its pool of available labour shrinks. Ultra-low fertility economies China is not the only Asian country to suffer from this problem and its effects on the economy. Several Asian countries are now considered ultra-low fertility economies, where population decline has become very steep and hard to reverse — even with pro-natalist policies like the child subsidy. A mix of economic, cultural and demographic dynamics may reinforce a cycle of fewer births in these countries. Economically, this erodes the very demographic dividend that once fuelled the explosive growth of East Asia's richest countries.

An American mega-influencer flew to Lithuania. Then the chaos began.
An American mega-influencer flew to Lithuania. Then the chaos began.

Yahoo

timean hour ago

  • Entertainment
  • Yahoo

An American mega-influencer flew to Lithuania. Then the chaos began.

When the YouTube mega-streamer IShowSpeed walked shirtless recently off a private jet into the Lithuanian capital, Vilnius, the nation's economy minister was waiting for him on the tarmac with shots of šaltibarščiai, a cold pink beetroot soup. A mob of chanting fans was waiting, too, so the streamer - a 20-year-old from Cincinnati named Darren Watkins Jr., who has 120 million followers across TikTok, Instagram and YouTube - piled with his security detail into a minibus to drive to the city's historic Palace of the Grand Dukes, where the mayor served him cheese and honey and a troupe of young Lithuanian women taught him a traditional folk dance. Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. 'These lyrics are about stabbing someone in the heart,' one woman said, with a smile. Speed, as his fans call him, became famous during the pandemic for his hyperactive, hours-long broadcasts, where he'd rage about video games, leap over Lamborghinis and perform unprompted backflips. But lately, his real star power has come from his international tours, during which he blitzes into foreign countries to see the sights while surrounded by screaming teenagers, all of it live-streamed. Speed's TikTok-era travelogues often descend into chaos, but government officials have learned to love them nevertheless. His two-week trip through China this spring, where he fawned over the country's state-of-the-art phones and luxury cars, went so viral that the Chinese Communist Party's official newspaper hailed it as a 'digital-age Marco Polo journey.' 'The U.S. has spent billions on anti-China propaganda, only to be undone by … IShowSpeed,' one report by the state news agency Xinhua said, citing a YouTube comment. This month, it was Lithuania's turn. When the Baltic nation learned that Speed's next adventure would cross through northeastern Europe, local tourism officials scrambled to craft him an extraordinary itinerary, including throwing a discus with an Olympic silver medalist, swinging swords in 14th-century armor and walking along the crown of Lithuania's tallest tower. They also extended Speed an honorarium worth about $23,500 and spent an additional $8,000 on minibuses, snacks and 10 security guards supported by the Lithuanian police. 'We want teenagers to know, just like London and Barcelona, that Vilnius is really, really cool,' Akvilė Lesauskaitė-Hu, an official for the city's tourism agency, said in an interview. 'How else do we reach them? They don't watch CNN. They watch TikTok.' The stream was watched live by more than 115,000 people at one point, and its clips have been viewed millions of times. Speed's wild trip showcased how the business of social media influencers, known as the creator economy, has helped mint a new kind of celebrity, upending traditional hierarchies of culture, authority and fame. It also revealed how governments are focusing on creators' giant fan bases as a new strategy for soft power, pushing novel methods of attention-getting that could reshape how nation-states portray themselves to the rest of the world. Speed's lighthearted visits to China, Saudi Arabia and other countries have drawn criticism as propaganda exercises that promoted the countries in ways they wanted, rather than reckoning with their more complicated reality. And they have become a model for broader ambitions: China last month invited American influencers with more than 300,000 followers to a 10-day, expenses-paid nationwide tour, where they would work with Chinese influencers on videos and other kinds of 'collaborative storytelling.' Creators' 'emotional capital' with their fans has made them 'a scarce resource that many governments seek to harness,' said Jian Xu, an associate professor at Deakin University in Australia who researches digital celebrity and politics. Speed 'aimed to explore the lucrative Chinese market … [and] the government effectively capitalized on it as a 'laid on a plate' opportunity.' Crystal Abidin, an anthropologist who studies internet culture, said it only made sense that governments would tap influencers, whose fame now rivals that of movie stars, for their ability to churn out viral moments of spectacle and surprise. Speed's giddy reaction to China, she said, was just how he acted everywhere - and was what his fans wanted to see. 'This idea of glamorizing or popularizing China as a highlight reel, Speed does that with all countries,' she said. The question, she added, is whether that's 'propaganda, or simply good advertising.' Povilas Kondratavicius, a 25-year-old Vilnius native who worked as a sales manager at a military industry company, first saw Speed on TikTok three years ago and has watched him ever since, admiring his high-energy social interactions and feats of athletic talent. He remembered thinking while watching Speed's China videos that the country he'd been taught was 'underdeveloped and authoritarian' actually seemed pretty advanced and culturally rich. So when Speed announced on stream that he'd be heading to Lithuania, Kondratavicius emailed the national tourism development agency and encouraged them to 'follow China's example' by taking the visit seriously. He said he felt it was his duty 'as a patriot' to ensure that Lithuania looked great online. 'We're a really small country, we're in Eastern Europe, so we immediately have a bad reputation,' he said in an interview. 'And for my generation, and Gen Alpha, he's one of the most famous people there is.' After they got Kondratavicius's email, agency officials met with the tourism boards in Vilnius - as well as in Estonia and Latvia, the other Baltic countries on Speed's European tour - to pull together an emergency plan, Lesauskaitė-Hu said. Speed had promoted the tour with an online poster showing him on a throne near the Eiffel Tower, but officials didn't learn his exact visit date until it was only a week away, thanks to a tip from the manager of a popular Latvian TikTok star. Members of Speed's team did not respond to requests for comment. But on stream, Speed has said his security detail works to keep his plans secret until the last minute, in hopes of heading off public mayhem. Speed's plan, the officials learned, was to visit all three Baltic capitals in a single day, spending a few hours in each before racing to the next in a charter jet. So when he began the day in Estonia, Lithuanian officials watched his stream closely, expecting he'd get a meager reception; the fellow Baltic country's culture, Lesauskaitė-Hu said, is 'very Scandinavian … very reserved.' Instead, Speed was mobbed at every turn - so much so that a waterfront dock swarmed by onlookers collapsed. (Speed raced over dramatically on a water scooter, though no one appeared to be hurt.) When Speed landed in Vilnius later that afternoon, crowds had already amassed in the rain outside the airport and in the city center, half an hour's drive away. His videographer - a minor celebrity in his own right, known as Slipz - trailed Speed closely as he exited the jet, wearing only bulky slip-ons and shorts covered in the McDonald's logo. 'Lithuania, we are here,' he shouted, mispronouncing its name. Speed shook hands with Lukas Savickas, the country's sharply dressed minister of economy and innovation, and was given a tie-dye shirt like those the Grateful Dead gave to the country's bronze-medal-winning Olympic basketball squad in 1992, a source of national pride. Then he continued his whirlwind tour, first with the folk dancers, then some basketball, a medieval sword battle with members of the military, a meeting with a Lithuanian illusionist and a flight in a hot-air balloon. 'Yo, look at the whole of Lithuania, though,' he said from the top of the Vilnius TV Tower. 'This looks so beautiful, bro.' Speed's sprint through the Baltics drew frustration from some locals, including in Latvia, where he did a backflip at the Freedom Monument honoring soldiers killed in the country's 1918 war for independence and sang to fans from the balcony of the nation's ailing public radio station. One journalist there wrote that the moment - 'an unregulated content creator peacocking at the home of Latvian broadcasting' - offered a foreboding symbol of how modern media had changed. The biggest debates, however, centered on the cost. Lithuania had offered 20,000 euros (about $23,500) to Speed's team, and the other Baltic countries extended similar packages, sparking debates in the local press over whether the streamer and his entourage truly warranted public funds. A columnist for the Lithuanian newspaper, Kauno Diena, wrote that the money could have helped stimulate the economy but was instead spent on an event whose main audience was minors - 'economically inactive people with unformed views and sporadic needs.' Others argued that the cost was worth it, compared with the price of a travel-agency billboard or TV ad. Lithuanian journalist Andrius Tapinas wrote on Facebook that it was a bargain for that kind of global name recognition, particularly among a young generation for whom 'there's simply no other way to catch their attention.' 'Now parents have seen what drives their kids crazy,' he wrote, in Lithuanian, 'and maybe even had something to talk about with them over dinner last night.' Beyond branding, some in the Baltics argued that the money was an investment in national security, given their borders with Russia and Belarus. Gediminas Užkuraitis, co-founder of a consulting firm in Vilnius, told Lithuanian public broadcaster LRT that raising national awareness was critical given the country's 'image as a front-line state' to the war in Ukraine. 'If, for example, the American public had to decide whether Lithuania is worth defending, it helps if they've actually heard of us,' he said. After about 12 hours of streaming, Speed ended his Lithuania trip at Hotel Pacai, a converted mansion from the 17th century, bidding the country a live-streamed goodbye as young people ran alongside his car. He continued his European tour the next day with a visit to Poland, then Slovakia and France. By then, Vilnius's social media team had already posted their own video recap of the trip on Instagram. 'IShowSpeed caused minor chaos in Vilnius,' the post said. '10/10 worth it.' Related Content In a stressful human world, 'mermaiding' gains popularity in D.C. area 'College hazing' or training? Amid shortage, air traffic recruits wash out. A 100-year-old on a bike? Yes. 'The right to wind in your hair' Solve the daily Crossword

An American mega-influencer flew to Lithuania. Then the chaos began.
An American mega-influencer flew to Lithuania. Then the chaos began.

Yahoo

time2 hours ago

  • Entertainment
  • Yahoo

An American mega-influencer flew to Lithuania. Then the chaos began.

When the YouTube mega-streamer IShowSpeed walked shirtless recently off a private jet into the Lithuanian capital, Vilnius, the nation's economy minister was waiting for him on the tarmac with shots of šaltibarščiai, a cold pink beetroot soup. A mob of chanting fans was waiting, too, so the streamer - a 20-year-old from Cincinnati named Darren Watkins Jr., who has 120 million followers across TikTok, Instagram and YouTube - piled with his security detail into a minibus to drive to the city's historic Palace of the Grand Dukes, where the mayor served him cheese and honey and a troupe of young Lithuanian women taught him a traditional folk dance. Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. 'These lyrics are about stabbing someone in the heart,' one woman said, with a smile. Speed, as his fans call him, became famous during the pandemic for his hyperactive, hours-long broadcasts, where he'd rage about video games, leap over Lamborghinis and perform unprompted backflips. But lately, his real star power has come from his international tours, during which he blitzes into foreign countries to see the sights while surrounded by screaming teenagers, all of it live-streamed. Speed's TikTok-era travelogues often descend into chaos, but government officials have learned to love them nevertheless. His two-week trip through China this spring, where he fawned over the country's state-of-the-art phones and luxury cars, went so viral that the Chinese Communist Party's official newspaper hailed it as a 'digital-age Marco Polo journey.' 'The U.S. has spent billions on anti-China propaganda, only to be undone by … IShowSpeed,' one report by the state news agency Xinhua said, citing a YouTube comment. This month, it was Lithuania's turn. When the Baltic nation learned that Speed's next adventure would cross through northeastern Europe, local tourism officials scrambled to craft him an extraordinary itinerary, including throwing a discus with an Olympic silver medalist, swinging swords in 14th-century armor and walking along the crown of Lithuania's tallest tower. They also extended Speed an honorarium worth about $23,500 and spent an additional $8,000 on minibuses, snacks and 10 security guards supported by the Lithuanian police. 'We want teenagers to know, just like London and Barcelona, that Vilnius is really, really cool,' Akvilė Lesauskaitė-Hu, an official for the city's tourism agency, said in an interview. 'How else do we reach them? They don't watch CNN. They watch TikTok.' The stream was watched live by more than 115,000 people at one point, and its clips have been viewed millions of times. Speed's wild trip showcased how the business of social media influencers, known as the creator economy, has helped mint a new kind of celebrity, upending traditional hierarchies of culture, authority and fame. It also revealed how governments are focusing on creators' giant fan bases as a new strategy for soft power, pushing novel methods of attention-getting that could reshape how nation-states portray themselves to the rest of the world. Speed's lighthearted visits to China, Saudi Arabia and other countries have drawn criticism as propaganda exercises that promoted the countries in ways they wanted, rather than reckoning with their more complicated reality. And they have become a model for broader ambitions: China last month invited American influencers with more than 300,000 followers to a 10-day, expenses-paid nationwide tour, where they would work with Chinese influencers on videos and other kinds of 'collaborative storytelling.' Creators' 'emotional capital' with their fans has made them 'a scarce resource that many governments seek to harness,' said Jian Xu, an associate professor at Deakin University in Australia who researches digital celebrity and politics. Speed 'aimed to explore the lucrative Chinese market … [and] the government effectively capitalized on it as a 'laid on a plate' opportunity.' Crystal Abidin, an anthropologist who studies internet culture, said it only made sense that governments would tap influencers, whose fame now rivals that of movie stars, for their ability to churn out viral moments of spectacle and surprise. Speed's giddy reaction to China, she said, was just how he acted everywhere - and was what his fans wanted to see. 'This idea of glamorizing or popularizing China as a highlight reel, Speed does that with all countries,' she said. The question, she added, is whether that's 'propaganda, or simply good advertising.' Povilas Kondratavicius, a 25-year-old Vilnius native who worked as a sales manager at a military industry company, first saw Speed on TikTok three years ago and has watched him ever since, admiring his high-energy social interactions and feats of athletic talent. He remembered thinking while watching Speed's China videos that the country he'd been taught was 'underdeveloped and authoritarian' actually seemed pretty advanced and culturally rich. So when Speed announced on stream that he'd be heading to Lithuania, Kondratavicius emailed the national tourism development agency and encouraged them to 'follow China's example' by taking the visit seriously. He said he felt it was his duty 'as a patriot' to ensure that Lithuania looked great online. 'We're a really small country, we're in Eastern Europe, so we immediately have a bad reputation,' he said in an interview. 'And for my generation, and Gen Alpha, he's one of the most famous people there is.' After they got Kondratavicius's email, agency officials met with the tourism boards in Vilnius - as well as in Estonia and Latvia, the other Baltic countries on Speed's European tour - to pull together an emergency plan, Lesauskaitė-Hu said. Speed had promoted the tour with an online poster showing him on a throne near the Eiffel Tower, but officials didn't learn his exact visit date until it was only a week away, thanks to a tip from the manager of a popular Latvian TikTok star. Members of Speed's team did not respond to requests for comment. But on stream, Speed has said his security detail works to keep his plans secret until the last minute, in hopes of heading off public mayhem. Speed's plan, the officials learned, was to visit all three Baltic capitals in a single day, spending a few hours in each before racing to the next in a charter jet. So when he began the day in Estonia, Lithuanian officials watched his stream closely, expecting he'd get a meager reception; the fellow Baltic country's culture, Lesauskaitė-Hu said, is 'very Scandinavian … very reserved.' Instead, Speed was mobbed at every turn - so much so that a waterfront dock swarmed by onlookers collapsed. (Speed raced over dramatically on a water scooter, though no one appeared to be hurt.) When Speed landed in Vilnius later that afternoon, crowds had already amassed in the rain outside the airport and in the city center, half an hour's drive away. His videographer - a minor celebrity in his own right, known as Slipz - trailed Speed closely as he exited the jet, wearing only bulky slip-ons and shorts covered in the McDonald's logo. 'Lithuania, we are here,' he shouted, mispronouncing its name. Speed shook hands with Lukas Savickas, the country's sharply dressed minister of economy and innovation, and was given a tie-dye shirt like those the Grateful Dead gave to the country's bronze-medal-winning Olympic basketball squad in 1992, a source of national pride. Then he continued his whirlwind tour, first with the folk dancers, then some basketball, a medieval sword battle with members of the military, a meeting with a Lithuanian illusionist and a flight in a hot-air balloon. 'Yo, look at the whole of Lithuania, though,' he said from the top of the Vilnius TV Tower. 'This looks so beautiful, bro.' Speed's sprint through the Baltics drew frustration from some locals, including in Latvia, where he did a backflip at the Freedom Monument honoring soldiers killed in the country's 1918 war for independence and sang to fans from the balcony of the nation's ailing public radio station. One journalist there wrote that the moment - 'an unregulated content creator peacocking at the home of Latvian broadcasting' - offered a foreboding symbol of how modern media had changed. The biggest debates, however, centered on the cost. Lithuania had offered 20,000 euros (about $23,500) to Speed's team, and the other Baltic countries extended similar packages, sparking debates in the local press over whether the streamer and his entourage truly warranted public funds. A columnist for the Lithuanian newspaper, Kauno Diena, wrote that the money could have helped stimulate the economy but was instead spent on an event whose main audience was minors - 'economically inactive people with unformed views and sporadic needs.' Others argued that the cost was worth it, compared with the price of a travel-agency billboard or TV ad. Lithuanian journalist Andrius Tapinas wrote on Facebook that it was a bargain for that kind of global name recognition, particularly among a young generation for whom 'there's simply no other way to catch their attention.' 'Now parents have seen what drives their kids crazy,' he wrote, in Lithuanian, 'and maybe even had something to talk about with them over dinner last night.' Beyond branding, some in the Baltics argued that the money was an investment in national security, given their borders with Russia and Belarus. Gediminas Užkuraitis, co-founder of a consulting firm in Vilnius, told Lithuanian public broadcaster LRT that raising national awareness was critical given the country's 'image as a front-line state' to the war in Ukraine. 'If, for example, the American public had to decide whether Lithuania is worth defending, it helps if they've actually heard of us,' he said. After about 12 hours of streaming, Speed ended his Lithuania trip at Hotel Pacai, a converted mansion from the 17th century, bidding the country a live-streamed goodbye as young people ran alongside his car. He continued his European tour the next day with a visit to Poland, then Slovakia and France. By then, Vilnius's social media team had already posted their own video recap of the trip on Instagram. 'IShowSpeed caused minor chaos in Vilnius,' the post said. '10/10 worth it.' Related Content In a stressful human world, 'mermaiding' gains popularity in D.C. area 'College hazing' or training? Amid shortage, air traffic recruits wash out. A 100-year-old on a bike? Yes. 'The right to wind in your hair'

Trump faces heat on AI chips
Trump faces heat on AI chips

The Hill

time3 hours ago

  • Business
  • The Hill

Trump faces heat on AI chips

A group of former national security officials and tech policy advocates called on Commerce Secretary Howard Lutnick to reverse course in a letter Monday, as several Democrats and at least one key Republican voiced concerns over the decision. '[W]e believe this move represents a strategic misstep that endangers the United States' economic and military edge in [AI]—an area increasingly seen as decisive in 21st-century global leadership,' the letter reads. The Trump administration initially restricted sales of Nvidia's H20 chips to China in May, but the chipmaker announced earlier this month that it was taking steps to sell the chips again after receiving assurances from the government that its licenses would be granted. Lutnick indicated the decision was part of a broader rare earth deal with Beijing, while arguing that they were only receiving Nvidia's 'fourth best' chip. However, this has done little to assuage concerns. Monday's letter argued the H20 is not an outdated chip and can still accelerate China's AI capabilities, while limiting the number of chips available to the U.S. It also suggested the move would likely weaken the effectiveness of export controls and encourage Beijing to seek more concessions from Washington. Reps. Raja Krishnamoorthi (Ill.), the top Democrat on the House Select Committee on the Chinese Communist Party, and Gregory Meeks (N.Y.), the top Democrat on the House Foreign Affairs Committee, similarly expressed concerns Sunday that the administration is using export controls as a 'bargaining chip.' 'This approach risks eroding the credibility of our export controls regime, blurs the line between economic and security priorities, and sends a dangerous signal that critical guardrails are up for negotiation,' the lawmakers wrote in a letter to Lutnick. The two Democrats suggested they 'no longer have confidence' the administration is following the 'rigorous, evidence-based interagency process' required to determine export controls under the law. 'It is clear that this Administration is gambling with our national security and our economy all for the sake of President Trump's trade war that is harming American families, workers, and consumers,' they added.

China announces child subsidy programme as births hit historic lows
China announces child subsidy programme as births hit historic lows

Yahoo

time5 hours ago

  • Business
  • Yahoo

China announces child subsidy programme as births hit historic lows

Long seen in the West as a byword for the Chinese Communist Party's heavy-handedness, the one-child policy became a trope for Chinese authoritarianism. While the policy was officially scrapped in 2015 after years of looser enforcement, China now faces unprecedentedly low birth rates — and has announced it will begin offering childcare subsidies for the first, second and third child up to the age of three, starting this year. Under the plan, families will receive what the government calls a 'fertility bonus' of 3,600 yuan or just over €430 per child until the age of three. While the national government will pay this 'base' amount, local authorities are free to top it up depending on their own resources. The CCP said the nationwide rollout of cash subsidies will help ease the pressure of childcare expenses and will help to prevent a further decline in the fertility rate. Crucially, the subsidies will be tax-exempt and excluded from calculations of household or individual income, ensuring they do not affect eligibility for minimum living allowances or extreme poverty assistance. Related China officially ends one-child policy from January 1 Nappies up, condoms down... end to China's one-child policy hits shares Why now? In 2024, China's total fertility (TFR) rate — the average number of children a woman is expected to have over her lifetime according to current patterns — was around 1.15 children per woman. That's among the world's lowest and below the so-called 'replacement level' of 2.1, meaning the baseline for the population size to stay the same. Demographers use these rates to measure whether a population is shrinking, growing or staying the same. The goal of the new policy would not be to expand the population, but to keep it at a relatively similar size without seeing it skew too heavily towards an ageing population. The latter is a problem faced by many European economies. According to the World Health Organization, by 2040, around 28% of China's population will be over the age of 60, threatening to disrupt what used to be a growing labour force and competitive wages. This also skews the dependency ratio, with funds in the economy going to supporting elderly relatives, increased healthcare costs and pensions. In 2022, China's population shrank for the first time since 1961, marking a yearly drop of 850,000 people as deaths outnumbered births. In 2023, the worst year on record, the population fell by approximately 2.08 million, and the decline continued in 2024 — improving only slightly — as it fell by 1.39mn. Chinese growth miracle is reversed In 1978, China went through political and economic reforms, including opening up parts of its economy to combat rural poverty and absorbing hundreds of millions of workers into its labour force. It is widely considered one of the fastest economic transformations in history, with China becoming the biggest net exporter in the world and its economy growing an average of about 9.5% per year until 2018. Of course, the economic clout came with political and diplomatic power. Now, the population decline could lead to China falling on the wrong side of the demographic dividend as its pool of available labour shrinks. Ultra-low fertility economies China is not the only Asian country to suffer from this problem and its effects on the economy. Several Asian countries are now considered ultra-low fertility economies, where population decline has become very steep and hard to reverse — even with pro-natalist policies like the child subsidy. A mix of economic, cultural and demographic dynamics may reinforce a cycle of fewer births in these countries. Economically, this erodes the very demographic dividend that once fuelled the explosive growth of East Asia's richest countries. Sign in to access your portfolio

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