China: Let Real Estate Prices Soar to control population Growth?

It is said that human capital can best be developed with a carport people - a people that neither shrinks nor expands. With the stability of numbers comes the quality of an economy to more equitably distribute its economic gains among the populace, as government fiscal spending can be more evenly spread among the citizens of all age groups.

It seems that China has come up with an ingenious advent with people control. But before we go on any further, let's state a few facts:

News From China

First, the Chinese government corporations artificially jacked up real estate prices in the mainland by outbidding private associates and individuals more than half of the time. This has made it roughly impossible for the midpoint Chinese to own a home in the cities like Beijing and Guangzhou.

Second, an integral part of any wedding engagement is the acquisition of a home by a integrate even before the wedding rites. This is a long-held tradition that has not eroded in the thousands of years of Chinese history.

Moreover, China is a place where people are used to working real hard in a work environment that can at best be described as far from ideal. Other nationalities would say, "Hey, we work hard too!" However, try earning 50 cents an hour and tell me that line again. For this reason, women are more inclined to look for grooms who will be best able to obtain their future.

Third, Chinese citizens seldom have kids out of wedlock. Apart from the fact that promiscuity is a taboo in China, the Chinese government also imposes hefty fines on people who commit this misdemeanor. While many people from the West would object to this, we can attribute it to the undeniable culture divide between the two hemispheres.

Now, let's join together the dots.

Since Chinese homes are very difficult to obtain due to their exorbitant prices, the midpoint Chinese will be forced to rent a flat for a majority of his pre-retirement life. Thus, wedding engagements will be harder to halt because of antagonistic reactions from mostly conservative families.

Hence, many people will remain unmarried for a majority of the fertile part of their life. This is reinforced by the fact that illegitimate children seldom exist over there.

For the past few years, the Chinese population's growth rate is still at 0.5 percent annually. However, near perfect stability in as far as people numbers can now be attained, thanks to this ingenious nudge from the national government.

China: Let Real Estate Prices Soar to control population Growth?

Related : todays world news headlines