In 2016, authorities abandoned the country’s one-child policy. So, why is the birth rate declining again?
By the numbers, government-controlled family planning policies aren’t giving China’s population the boost it needs to support public services. Credit: Joan Vila, Creative Commons
SHANGHAI – Historically, demographics has been a slow-moving variable. But the East Asian economies — especially China, Japan, and South Korea — have flipped so fast from rapid population growth to decline that they practically have whiplash.
As a planned economy, China was once obsessed with expanding its population. But, in 1957, the economist Ma Yinchu published The New Theory of Population and cautioned that this trend would soon begin to undermine China’s economic devel
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How did the late premier convince local governments to surrender fiscal revenues to Beijing? In an extract from his recent book, Authoritarian Markets, Adam Y. Liu explains how Zhu played his trump card — letting local governments set up their own banks.
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