China_Report_-_May_2021.pdf

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SOCIETY
Rich Pickings:
Platforms corner
luxury resale market
INTERNATIONAL
Levelling Up:
Inside China's new
diplomatic strategy
SPECIAL REPORT
Mind Games:
Anxiety racks
therapy industry
BRONZE AGE,
GOLDEN ERA
Striking finds at Sanxingdui Ruins
could shed new light on China’s
origin story
96
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045611
£ 3.50
Volume No. 96 May 2021
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EDITORIAL
Published by China News Service
Publisher:
Chen Lujun
Executive Director:
Chen Lujun
Editor-in-Chief:
Tan Hongwei
Deputy Editor-in-Chief:
Zheng Zhonghai
Editorial Office
Copy Editors:
Kathleen Naday, James Tiscione
Lead Writers:
Yu Xiaodong, Li Jia
Senior Editor:
Wang Yan
Editors:
Xie Ying, Du Guodong, Yi Ziyi, Zhang
Qingchen, Xu Ming
Consultant Editor:
Chen Shirong
First Reader:
Andrew McEwan
Address:
5th Floor, 12 Baiwanzhuang South
Street, Xicheng District, Beijing, China
Post Code:
100037
Tel:
86-10-88395566
Fax:
86-10-88388045
Email:
audience@chinareport.co.uk
Website:
www.ChinaReport.co.uk
Art Department
Art Director:
Wu Shangwen
Art Editor/Designer:
Zhang Dawei
Marketing/Advertising/Subscription
EMEA Office
Foremost 4 Media
Duty Editor:
Sophie Lang
Email:
Sophie@foremost4.media
Tel:
+44 20 7224 8812
Website:
foremost4.media
Marketing Office in China
Director:
Wang Chenbo
Account Manager:
Ren Jie
Tel:
86-10-88388027
Circulation Manager:
Yu Lina
Tel:
86-10-88311834
London Office:
Zhang Ping
New York Office:
Ma Delin, Liao Pan
Washington Office:
Chen Mengtong, Sha Handing
Los Angeles Office:
Zhang Shuo
San Francisco Office:
Liu Guanguan
Houston Office:
Zeng Jingning
Tokyo Office:
Lu Shaowei
Paris Office:
Li Yang
Bangkok Office:
Wang Guoan
Kuala Lumpur Office:
Chen Yue
Moscow Office:
Wang Xiujun
Manila Office:
Guan Xiangdong
Berlin Office:
Peng Dawei
Sydney Office:
Tao Shelan
Brussels Office:
De Yongjian
Astana Office:
Wen Longjie
Rio de Janeiro Office:
Wang Xi
Johannesburg Office:
Song Fangcan
Jakarta Office:
Lin Yongchuan
Kathmandu Office:
Zhang Chenyi
Legal Advisor:
Allen Wu
ISSN 2053-0463
China needs to be proactive in tackling the
demographic crisis
here has been a long-held consensus over 60 years old increased from 10.45 percent in
among experts that there will be a demo- 2005 to 18.1 percent in 2019. The population of
graphic shift in China as its population those aged over 65, numbering 254 million, has
ages, but there are still disagreements about how surpassed the population aged below 15. As the
serious the problem is.
population continues to age,
Challenged with a rapidly
the shrinking of China’s labour
China’s rural-
growing population and serious
force appears unstoppable.
unemployment, China adopted the
While some causes of
to-urban mass
one-child family planning policy.
China’s declining fertility are
migration
Over the last decades, China’s fer-
global, others are unique. It is
contributes to a
tility rate dropped rapidly from its
a global pattern that economic
decline in people’s
peak of more than 5 in the 1960s
growth and increases in living
desire to have
to about 2.1 in the late 1980s, and
standards drive down fertility.
children. Besides
further to between 1.2 and 1.3 in
China’s rural-to-urban mass
the late 1990s.
migration contributes to a de-
these global factors,
The government’s reaction to
cline in people’s desire to have
runaway housing
the demographic change has been
children. Besides these global
prices, rising
rather slow. Not until 2016 did
factors, runaway housing
childcare costs and
the Chinese government liberalise
prices, rising childcare costs
fierce competition
its policy to allow couples to have
and fierce competition within
within China’s
a second child. The policy led to a
China’s educational system de-
rebound in the fertility rate which
ters many would-be parents.
educational system
reached 1.58, 1.50 and 1.47 in
To tackle these problems,
deters many would-
the years between 2017 and 2019.
the Chinese government has
be parents.
But experts warned the impact of
increased financial inputs in
the policy would be short-lived.
the childcare system, tried to
According to Liang Jianzhang, an
stabilise property prices, and
economist from Peking University
more recently started to crack
and co-founder of travel provider
down on the ever-expanding
Ctrip.com, the boost in this period mostly came tutoring business. In the meantime, the govern-
from couples who wanted to have a second child ment is mulling whether to raise the retirement
anyway.
age. But by and large, the government has been
As this effect gradually disappears, China’s fertil- very conservative about reversing its family plan-
ity rate will drop again. Liang estimates that China’s ning policy. For example, it has not completely
fertility rate will drop below 1.2 in the next couple liberalised its policy to allow all parents to decide
of years, which is not only lower than the US and the number of children they want to have, as many
Europe, but also Japan. China will join South experts have called for.
Korea and Singapore to have one of the lowest fer-
As the situation appears to be getting worse and
tility rates in the world.
worse each year, the government must learn lessons
The persistent low fertility rate has already led from other Asian countries like Japan, South Korea
to a historic demographic shift. According to esti- and Singapore, that is, once a country’s fertility rate
mates from the National Bureau of Statistics, in the starts to fall, it is extremely difficult, if not impossi-
past decade, China’s working age population has ble to reverse the trend. China needs a more proac-
contracted by an average of 3.4 million each year. tive approach to address problems which could cast
In the meantime, the ratio of the population aged a shadow on China’s long-term development.
T
CHINAREPORT I
May 2021
1
CONTENTS
UNLOCKING THE PUZZLE
P12
EDITORIAL
01 China needs to be proactive in tackling the demographic crisis
POLITICS
10 Growth Target:
Resetting the Bar
COVER STORY
12
Sanxingdui:
Uncovering a Myth/Keys to the Past
P22
INTERNATIONAL
22 Foreign Policy:
On the Level
SOCIETY
25 Designer Resale Market:
High Fashion Victims
P30
CHINAREPORT I
May 2021
2
Photo by CFP
The enigmatic finds at Sanxingdui Ruins site raise more
questions than answers about the ancient Shu civilisation
CONTENTS
P48
P56
28 Coalfield:
Black to Green
30 Role Playing Industry:
Hard Act to Follow
SPECIAL REPORT
CULTURE
P34
52 Literature:
Still Spellbound
VISUAL REPORT
56
Hopes & Slopes
OUTSIDE IN
34
Psychotherapy:
Shrinking Returns/Mind the Gap
INTERVIEW
60 Shenzhen:
Gardens and Galleries
04
05
06
08
51
62
64
MEDIA FOCUS
WHAT THEY SAY
NEWS BRIEF
NETIZEN WATCH
CHINA BY NUMBERS
ESSAY
FLAVOUR OF THE MONTH/REAL CHINESE
40 Arts:
Comedy at a Crossroads
HISTORY
43 Women in Ancient China:
Rules and Reality
ENVIRONMENT
P40
46 Artificial Islands:
Solution of Last Resort
ECONOMY
48 Agriculture:
Homegrown Hogs
CHINAREPORT I
May 2021
3

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