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Cake day: June 15th, 2023

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  • For your second point, I feel that their declining birth rate is a huge problem that adds to the economic downturn they are facing. After the one child policy they were already facing a generation gap in the workforce, and now that the people are generally against having kids due to financial constraint, they will not be able to keep up with the workforce demand regardless of how much control the government has.

    What they are doing now (to my limited understanding of global economics) is just investing to pad their economy and brace for the sudden hit their economy will take at some point.