While the Chinese government has implemented cooling measures including reminding people that property is “not for speculation”, it seems that people are not taking it seriously and still believe that property is a guaranteed investment. Zaobao correspondent Chen Jing takes the temperature of the Chinese property market.
China feeds about 20% of the global population, but its overall self-sufficiency in food seems to be dropping. Even though it is self-sufficient in some staples such as wheat, rice and corn, it is less so in others. In fact, it is the largest importer of food in the world. Recent calls by President Xi Jinping to cut food wastage has people thinking that political reasons aside, China’s food supply is at risk. This risk could yet be amplified by changes in land policies, rural-urban migration and more.
A study shows that the global population will peak before the end of the century and populations in most countries will be on a downward trajectory. China is no exception. Its birth rate continues to fall each year and its population size is expected to be as low as 730 million by 2100. How can China prevent this problem from becoming its Achilles heel?