Marriage Falls in Asia, Transforming Finances and Families

By Amie Tsang and Zhang Tiantian

    Sep 11, 2016

HONG KONG — Liu Zhenfeng got married at 25. The typical trappings of household life adopted — a child, house, furniture, toys.

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

Fewer Chinese individuals are engaged and getting married, a change with profound implications for Asia’s financial and social life. The decrease in marriages means a decrease into the wide range of children, and possibly less shelling out for domiciles, devices as well as other family-related acquisitions — the sort of investing China has to drive growth that is economic.

Currently some continuing companies are thinking solitary. Precious precious Jewelry makers are providing 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 have kiddies later.

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