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China's population decline is having a big impact as marriages, diamond sales, and retail spending drop

  • China’s population shrinkage is having a big effect on its economy.
  • Marriage rates have halved over the last decade, with only 3.4 million couples marrying in the first half.
  • Economists warn that an aging population could lead to sluggish growth and lower productivity.
gedaliyah ,
@gedaliyah@lemmy.world avatar

I kinda feel like the “people aren’t buying enough diamonds” thing is pretty weird. Although I did buy a (antique) diamond for my wife, I just can’t see the world being much worse off if the diamond jewelery market were gone.

ABCDE ,

Perhaps it’s a measure of how much marriages cost and they’re spending less?

CodingCarpenter ,

That and of the people I know most don’t really wear their wedding rings on the regular. So why spend a ton of money on it? It doesn’t make a ton of sense

MossyFeathers ,

Imo people aren’t buying enough lab gems. Diamonds can come from all kinds of fucked up places, but lab gems can only come from laboratories. Like, they literally don’t naturally exist on earth. They can do all kinds of cool things too, like fluoresce or change color under UV light or depending on the angle that you’re viewing it at. They’re vastly superior to diamonds for jewelry purposes but they’re not very common so the only affordable ones tend to be cast-offs.

BlastboomStrice ,
@BlastboomStrice@mander.xyz avatar

I think China, which is very overpopulated, would really need some population shrinkage. It’s getting tiresome seeing articles whining about being “bad” for the “economy”.

The whole world probably has too many people, it’s just that the decline should be at a bearable rate (not too slow, not to fast) and occur at appropriate rates per area (some areas may be more overpopulated than others). And I ~dont give a care about the economy, we have means of aleviating the issues of decreased workforce by using robots, reducing unecessary jobs to save resources (like the whole ad industry?), but we live in such a capitalistic society that you ~have to step on others to survive and waste resources just to make money… Maybe this “economy” should be scrapped eventually.

PS. Lol, “oh no, the diamond sells are dropping, pump up more humans!” Pathetic…

TheFonz ,

It’s not the shrinkage that’s bad per se. It’s the rate it’s happening at. Any drastic change in either direction will lead to unpleasant consequences- economic or other.

FatTony ,
@FatTony@discuss.online avatar

The humanity!

MediaBiasFactChecker Bot ,

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