China's Rising Divorce Rates Fuel New Business Opportunities

As the number of divorces in China increases, entrepreneurs are capitalizing on the trend with services like divorce photography and memorabilia destruction.

• China's marriage rates have plummeted from 13 million in 2013 to below 7 million in 2022, while divorce rates have surged, reaching a record high of 4.7 million in 2019.
• Photographers like Tan Mengmeng have shifted from wedding to divorce photography, capturing both the heartbreak and joy of couples ending their marriages.
• Entrepreneurs like Liu Wei are thriving by offering services to destroy wedding photos and other marriage memorabilia, addressing the cultural shift towards acceptance of divorce.
• The Chinese government has implemented measures like a 30-day 'cooling off' period to curb impulsive divorces, but the number of divorces continues to rise.
• Economic and social factors, including high-pressure work environments and the high cost of living, contribute to the declining marriage rates and increasing divorces in China.

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