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Yasheng Huang: evaluation

8 Mar 2023 Conversations with Tyler Yasheng Huang on the Development of the Chinese State

“The nature of the Chinese economy and Japanese economy is very land intensive, so the urban costs of living are very high because of the very high housing costs.”

— Yasheng Huang

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Speaker
Yasheng Huang
Attribution
Verified speaker
Claim type
evaluation
Recorded
8 Mar 2023
Publisher
Conversations with Tyler

Transcript context

…South Korea has done the same, right? They didn’t have a one-child policy. Yes, I know. That’s the point I was trying to get. Japan didn’t have a one-child policy. Japan has a very low fertility rate. For some reason, it’s comparing apples with oranges. Japan is a much more developed society. The per capita GDP is much higher. Essentially, the fertility rate would probably be lower naturally as a result of that difference in per capita GDP. But I think it’s probably more than that. The nature of the Chinese economy and Japanese economy is very land intensive, so the urban costs of living are very high because of the very high housing costs. So, the common complaint we hear from young people in China is that they cannot afford the children. There’s a cultural norm that you need to have your own housing to be able to get married, and that may also deter family formation and, therefore, production of children. What’s the future of immigration into China as population declines? And it just started declining. Who wants to go there?…

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