Source: Bloomberg

The latest attempt made by China to improve the fertility rate of downturn is to rectify high -priced wedding customs.

"Cai Li" is a traditional marriage custom in China. Prospects pay "Cai Li" to the woman's family.Compensation.Tencent's investigation of 1846 residents in 2020 showed that nearly three -quarters of China's marriage involved "colorful gifts"."Cai Li" can reach tens of thousands of dollars, which is several times the annual income of its family.

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The government is not the first rectification of high -priced "color gifts". This year, it appeared in a document that promoted the key work of rural revitalization. It was the third consecutive year. As China is eager to reverse the decline in population, there is now a new remediation action.

Less than a month after the first 60 -year population in China has announced the decline in the first 60 years, the Director of the National Health and Health Commission's Population Family Director encourages local governments to adopt "bold innovation" measures to encourage fertility.Young people are increasingly unable to get married, especially in the case of slowing economic growth, they are regarded as one of the main reasons for both marriage and children.

In January of Hebei Province, the marriage custom reform work must curb high -priced colorful gifts and vulgar marriage.A county in Jiangsu Province launched a "Most Beautiful Mother -in -law" event last month, that is, the mother's mother who does not require the man to provide high -priced gifts.An unmarried young woman in a town in Jiangxi signed a "Promotional Book of Promoting Grand Ceremony" in February. The provincial capital of Nanchang held a collective wedding at the International Women's Day, advertising "don't be happy for gifts."

The recent series of other policy changes reflect China's determination to increase fertility.Officials are going to subsidies for newborns, advocating providing marriage leave for workers, and even relaxing parents who are not married to their children.

Feinian Chen, a professor of sociology at John Hopkins University, said that unless solving deep -rooted problems such as gender inequality, there is almost no hopes to reverse the trend of decline in birth rate.Because women are still considered to be the main family caregiver, the opportunity cost of more children or children is too high.