tirsdag 13. september 2016

Marriage Falls in China, Transforming Finances and Families

Liu Zhenfeng got married at 25. The usual trappings of family life followed — a daughter, a home, furniture, toys. That daughter, Song Zongpei, now 28, is taking a different path. Ms. Song shares a rented apartment in Beijing with two roommates and is focusing on her career and her finances. She does not see marriage or motherhood in her immediate future. “At this stage, the most important thing for me is personal development,” Ms. Song said. Fewer Chinese people are getting married, a shift with profound implications for China’s economic and social life. The decline in marriages means a decline in the number of babies, and potentially less spending on homes, appliances and other family-related purchases — the kind of spending China needs to drive economic growth. Read more