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Spirethoughts

Spire's six most recent Spirethoughts.

Will cost-effective compost rejuvenate African agriculture
Will compost turn out to be the magic mineral for African agriculture?
Will emerging countries dominate the pool of global megacities in futu...
Thumbnail_Will the tech sector create new employment opportunities for persons with disabilities
Will the tech sector create new employment opportunities for persons w...
Thumbnail_Spirethoughts_Can permanent research bases for human beings be built on the moon
Will 3D printing enable the construction of permanent facilities on th...
Will Africa become the latest global aviation hot-spot
Will Africa become the latest global aviation hot-spot?
Will air taxis become the latest urban transport innovation_
Will air taxis become the latest urban transport innovation?

Is China’s baby boom good for economy?

China’s change in its one-child policy could change the state of the economy drastically. Allowing families to have more than one child indicates a definite boost in consumption, especially in the baby products sector such as food, clothing and infant formula. Related services, like education, will also continue to rise.

According to a report, 400 million births were prevented over a period of 30 years due to the one-child policy in China. There is consideration to abolish this policy post-2015; signifying an eventual larger workforce to support the aging population. Besides, with a large portion of the population aged between 40 to 50 years retiring in the next few years, this move would slow the declining labor force gradually, and compensate for the shrinkage of young, skilled workers and rapid aging of the population.

How will the change in policy pave the path for economic growth?

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