Marriage Falls in China, Transforming Finances and Families

By Amie Tsang and Zhang Tiantian

    Sep 11, 2016

HONG KONG — Liu Zhenfeng got hitched at 25. The typical trappings of family members life accompanied — a child, a true house, furniture, toys.

That child, Song Zongpei, now 28, is going for a path that is different. Ms. Song stocks an apartment that is rented Beijing with two roommates and it is concentrating on her job along with her funds. She will not see wedding or motherhood inside her instant future. The most important thing for me is personal development,” Ms. Song said“At this stage.

Less Chinese individuals are engaged and getting married, a change with profound implications for Asia’s economic and social life. The decrease in marriages means a decrease into the amount of infants, and possibly less shelling out for houses, devices along with other family-related acquisitions — the sort of investing Asia has to drive growth that is economic.

Already some continuing companies are thinking single. Precious precious Jewelry manufacturers are selling cheaper baubles for unmarried sweethearts. One appliance manufacturer is offering smaller rice cookers. International fertility solutions are marketing for Chinese women that wish to freeze their eggs — an activity this is certainly forbidden for solitary ladies in Asia — to ater have children.