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If China wants more babies, it needs a better understanding of young people Illustration: Craig Stephens
The release of China s census in early May once again shone a clear light on the country s demographic travails. While still growing overall, the population was shown to be ageing rapidly, and prospects for population stagnation and decline in the near future have become greater.
Of course, the root causes of such macro changes in population growth and structure are simple: people are living longer, and women are having fewer children. Obviously, we don t want to see mortality increasing, so attention quickly turns to adapting the fertility rate.
China wants its women to have more children but for many young people, the government's big promises of support mean little because of soaring living costs and changing mindsets about families.
ASIA: China has announced that it will allow couples to have up to three children after census data showed a steep decline in birth rates. The cost of raising
The Chairman of Heirs Holdings and founder of the Tony Elumelu Foundation, Tony Elumelu, has called on the federal government and players in the insurance sector to collaborate in raising the contribution of the insurance sector to the Gross Domestic Product (GDP).