Categories: World

It difficult to afford second child for Chinese couples

Chen and her husband lives in Suzhou in eastern Jiangsu province of China. Chen is high school teacher and earn $750 monthly while her husband earns $2500 monthly. But for them it is difficult raise a second child. One third of their annual family income is spent on raising their two years old child while in U.S. only one fifth of annual family income is used up.

According to a report in 2017, birth rate of China is 12.3 births/1,000 population. Ruling Communist Party has relaxed their one-child policy and now they are persuading Chinese couples to increase birth rate.

Chen’s economic status reflects the situations of most middle-class families in China. More than 50% of Chinese families has no aim for a second child. According to National Bureau of Statistics live birthrate of china in 2018 is 15.3 million which 2 million less than year before.

China is struggling with growth of workforce, as according to official statistics more than 17% of Chinese population is older than 60.  These statistics also predict that by the year 2030 China’s population will be shrinking and China will become old rather than rich.

Shawn Genzone

Senior writer at the Chicago Morning Star

Recent Posts

Twins Aim for Sweep Against Cubs in Series Finale

The Minnesota Twins will attempt to complete a three-game sweep of the Chicago Cubs on Thursday afternoon, wrapping up the…

40 mins ago

AI Deepfake Voicemails Target High-Level Officials

In June, an advanced impersonation campaign used artificial intelligence to target senior U.S. and international leaders by posing as Secretary…

1 hour ago

Nvidia Becomes World’s Most Valuable Public Company

Nvidia Corp. has officially become the most valuable publicly traded company in the world, reaching a historic $4 trillion market…

4 hours ago

How to Stay Safe From Bug Bites This Summer

Warm Weather Brings More Bug Bites—Here’s What You Need to KnowAs Chicagoans embrace the outdoors during summer, the increase in…

7 hours ago

Blue Jays Win 10th Straight in Rain-Shortened Game

The Toronto Blue Jays extended their winning streak to 10 games Tuesday night with a 6–1 rain-shortened win over the…

1 day ago

AT&T to Pay $177M Over Massive Customer Data Breaches

AT&T has agreed to pay $177 million to settle two class-action lawsuits stemming from major data breaches that exposed the…

1 day ago