Marriage Falls in Asia, Transforming Finances and Families

Marriage Falls in Asia, Transforming Finances and Families

By Amie Tsang and Zhang Tiantian

    Sep 11, 2016

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

That child, Song Zongpei, now 28, is going for a various course. Ms. Song shares a rented apartment in Beijing with two roommates and it is centering on her job along with her funds. She doesn’t see motherhood or marriage inside her instant future. “At this phase, it is important for me personally is individual development,” Ms. Song stated.

Less Chinese folks are engaged and getting married, a change with profound implications for Asia’s financial and social life. The decrease in marriages means a decrease within the wide range of children, and potentially less shelling out for domiciles, devices as well as other family-related acquisitions — the kind of investing Asia needs to drive financial development.

Currently some companies are thinking solitary. precious Jewelry manufacturers are providing cheaper baubles for unmarried sweethearts. One appliance manufacturer is offering smaller rice cookers. International fertility solutions are marketing for Chinese ladies who desire to freeze their eggs — an activity this is certainly forbidden for solitary feamales in Asia — to have kiddies later on. Continue reading Marriage Falls in Asia, Transforming Finances and Families