1/4
This is interesting. According to a Beijing-based institute, it takes 6.9 years of per-capita GDP to raise a child in China, compared to 4.1 years in the US and 4.3 years in Japan. Of the countries studied, only South Korea is more expensive.
reuters.com/world/china/ch…
This is interesting. According to a Beijing-based institute, it takes 6.9 years of per-capita GDP to raise a child in China, compared to 4.1 years in the US and 4.3 years in Japan. Of the countries studied, only South Korea is more expensive.
reuters.com/world/china/ch…
2/4
Perhaps not surprisingly, South Korea is also one of the few countries with a lower birth rate than China's. Correlation isn't causality, of course, but the study does suggest strongly why it will be so difficult to raise Chinese birth rates.
Perhaps not surprisingly, South Korea is also one of the few countries with a lower birth rate than China's. Correlation isn't causality, of course, but the study does suggest strongly why it will be so difficult to raise Chinese birth rates.
3/4
I'd add two points. First, China's number would be even higher if its GDP were adjusted to make it comparable to the GDPs of other economies which, unlike Chin's, operate largely under hard budget constraints.
I'd add two points. First, China's number would be even higher if its GDP were adjusted to make it comparable to the GDPs of other economies which, unlike Chin's, operate largely under hard budget constraints.
4/4
Second, if Chinese won't have kids because of their high cost relative to low household income, this makes it all the more urgent that Beijing rebalance the distribution of domestic income, as difficult politically as that may be.
Second, if Chinese won't have kids because of their high cost relative to low household income, this makes it all the more urgent that Beijing rebalance the distribution of domestic income, as difficult politically as that may be.
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