A woman carries a girl as they visit a peony garden in Heze, in east China’s Shandong province, on April 8. In 2020, the country saw only 12 million births, the lowest number in at least six decades. Photo: Xinhua A woman carries a girl as they visit a peony garden in Heze, in east China’s Shandong province, on April 8. In 2020, the country saw only 12 million births, the lowest number in at least six decades. Photo: Xinhua
A woman carries a girl as they visit a peony garden in Heze, in east China’s Shandong province, on April 8. In 2020, the country saw only 12 million births, the lowest number in at least six decades. Photo: Xinhua
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

Why China’s three-child policy is unlikely to improve the gloomy long-term economic outlook

  • The latest census has revealed a significant slowdown in the population growth rate, fertility rate and number of migrant workers
  • Given that productivity growth has also been declining, the prospects for the economy remain grim

A woman carries a girl as they visit a peony garden in Heze, in east China’s Shandong province, on April 8. In 2020, the country saw only 12 million births, the lowest number in at least six decades. Photo: Xinhua A woman carries a girl as they visit a peony garden in Heze, in east China’s Shandong province, on April 8. In 2020, the country saw only 12 million births, the lowest number in at least six decades. Photo: Xinhua
A woman carries a girl as they visit a peony garden in Heze, in east China’s Shandong province, on April 8. In 2020, the country saw only 12 million births, the lowest number in at least six decades. Photo: Xinhua
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Hao Zhou

Hao Zhou

Hao Zhou currently serves as a senior economist (emerging markets) with Commerzbank. He covers North Asia economic and markets research.