Fewer 'I dos' ruin the party for China's $500 billion wedding industry
SHANGHAI/HONG KONG - COVID wasn't kind to wedding planners in China, where marriages are traditionally elaborate, expensive affairs, but the industry estimated at almost $500 billion is now facing a bigger threat: a plunge in the number of couples willing to tie the knot.
This drop in marriage registrations will exacerbate the decline in births in China, now one of the world's fastest-ageing societies. Many cities deny unmarried mothers child-raising or healthcare subsidies and having children out of wedlock is often frowned upon. "People are more inclined to go for a simple and niche wedding," said Chen, adding that a decade ago, it was common for couples to spend millions of yuan.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Fewer 'I dos' ruin the party for China's $500 bln wedding industryCOVID wasn't kind to wedding planners in China, where marriages are traditionally elaborate, expensive affairs, but the industry estimated at almost $500 billion is now facing a bigger threat: a plunge in the number of couples willing to tie the knot.
Weiterlesen »
This Dell laptop had its price slashed from $500 to $300The Dell Inspiron 14 is a highly portable laptop that looks good too. It's on sale now at Dell making it even more tempting.
Weiterlesen »
Pre-order Samsung's insane new 57' Odyssey NEO G9 gaming monitor, get $500 backSamsung's new Samsung 57-Inch Odyssey Neo G9 Gaming Monitor is now available for pre-order, with a special deal worth $500.
Weiterlesen »
Rio Tinto shoulders Simandou iron ore bill as Chinese funds delayedThe company has so far spent more than $500 million on developing the project.
Weiterlesen »
$500 Speed Camera Tickets Could Be Heading To California MailboxesBill waiting for Governor Gavin Newsom’s signature would allow six cities including Los Angeles, Glendale and Long Beach to setup up fixed cameras
Weiterlesen »
$500 million to be invested in flying cars coming to OhioThe future of transportation and aviation could be taking flight right here in the state of Ohio. State leaders including Governor Mike DeWine announced what th
Weiterlesen »