Overview

• East Asian countries, including China, Taiwan, Japan, and South Korea, face declining birthrates, with China potentially losing 200 million workers by 2050.
• The Year of the Dragon, considered the most auspicious in the Chinese Zodiac, is believed to bring success and fortune, leading to a spike in birthrates.
• Governments and hospitals are encouraging couples to conceive dragon babies, with some expecting a 1 million increase in births this year.
• Cultural beliefs and the economic situation are major factors influencing birthrates, with the economy likely playing a more significant role.
• Despite the optimism, experts warn that larger birth cohorts could face increased competition for resources, potentially negating the perceived advantages.