On average, Chinese women are expected to have just 1.3 children each over the course of their lives. That would be one of the lowest fertility rates in the world.
… Last year, just 12 million babies were born in China, the lowest official number since 1961, as the country was emerging from a devastating famine.
Experts cautioned that the pandemic may have been a major factor, but births have now declined for four consecutive years.
Data are from China’s 2020 census.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”