Chinese census results point to socioeconomic challenges that will impact the world

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By Tomas Sobotka
The Olympics has always been the worlds major sporting event and history is witness that there have been many eye-openers incidents for nations to ponder on; Tokyo Olympics is not much different. For ages, China has been a closed society and nothing much was known about the internal issues and dynamics of the society. Things are changing with the advent of technology and issues related to Chinese society are coming to the front. Chinese decline in population and the insecurity associated with it is one of the issues that have raised the alarm bells in Beijing. The backlash that has come after a Chinese adopted athlete (MacNeil) has won the gold medal for Canada has worsened the situation for CCP as it is seen as a direct impact of Chinas One-Child Policy. Society is experiencing an inverted population Pyramid which fewer young supporting a bulky older population. with the Gold going to Canada in butterfly swimming style experts are discussing whether the butterfly of progress has already flown away from China.

The ageing population of China is a concern on the economic front as well but its impact is not yet clear. From one lens, China could face Japanese Style decline as has been discussed in detail in an article published on merics.org with the title heading ‘ageing-China-facing-Japanese-style-lost-decade’ by LA Johnston. One the other hand, China’s long-term preparations to shift from labor quantity to labor quality and technology as its working-age population falls, may see it cope better with population ageing than other economies home to ageing populations. There may, that is, be a long-run upside to getting old before rich, at least for economies that have had the right policies in place over time. Time will tell.

The latest census in China broadly confirms the trends that have been reported and broadly expected during the last decade: it gives a picture of slowing population growth, an ageing population, but also of a rapid higher education expansion and a high level of mobility and continuing urbanization. Almost two-thirds of the population (64 per cent) now live-in urban areas, up from half in 2010. Overall, the reported trends appear credible despite the delay in their reporting. However, more detailed results are still to be published and these will provide a more nuanced picture of the latest population trends, also by regions and for specific age and population groups.

China has enjoyed the unprecedented growth of the economy mainly due to the availability of cheap labour in the country owing to the large proportion of the population being work-capable, however, with the declining population the trend is changing. While the number of children is unlikely to increase much in the future, the share of the elderly is now growing rapidly and that means that population structure will no longer provide an extra advantage for economic growth. But also, structural factors, including a decline of heavy and dirty industries (especially in the North-East) and the fact that China has become a middle-income country mean that economic growth in China is likely to slow down substantially shortly. The problems related to noncontributing population or floating population is adding to the trouble of economic slow-down.

We are witnessing the rise in labour wages and production cost is already going up taking their sweatshop business to Africa etc. With a further declining young population and its impact on Low-cost production which has been the main strength of Chinese economic growth, China has to get ready for the tough decades ahead. The Cost associated with the relocation of industries to places wherein cheap labor is available and outsourcing the production is huge. Previously China was the base of all industrial growth and availed all the benefits that came along to its advantage, now the benefits are to be shared. China’s BRI (Belt and Road initiative) is among one of the major outcomes of the declining population and the cost incurred for the increased connectivity to relocate the industry is substantially huge.

China is investing hugely in the automation sector which can also be viewed as a direct outcome of increased labour wages. The country is trying to strike a balance between the consistent economic growth and the labour force available by implementing automation where ever it can. However, some industries form a huge part of the Chinese economy such as the shoe industry which has already seen increased production in other countries as Bangladesh, Cambodia, Vietnam, etc., thus drawing from the share of China. The implications of the declining population are many in addition to the psychological impact it will have on China; being no longer number 1 at the number game and with India taking over as the world’s largest market China has to look into the future with a more realistic scope.

The increased crime rates in Asia particularly the cases of human trafficking are a grave concern for the world. The problem stems from the skewed Sex ratio of the Chinese population; the Chinese population has to deal with the long-term consequences of distorted sex ratios, which are also unequally distributed by regions and will persist for many decades to come. These range from tens of millions of males who will not be able to find a female partner and marry and are more likely to suffer from loneliness, isolation, and lack of care at an older age, to a rise in trafficking, up to a lower number of births in the future (as males are overrepresented in the population of reproductive age). The impact of the skewed sex ratio and reduced fertility rates has been comprehensively studied by There have been some reports of human trafficking from BRI beneficiary countries like Pakistan, which is indicative of the prevalent situation in China.

China also faces a problem concerning educated urban women not being able to find upper educated urban men to satiate them. This is leading to an increased population of unmarried men and women in

China thus adding to the population-related problems. The families which would otherwise have educated heads as parents are seeing no realization on the ground. The increased matchless singles and the desperation of the state are leading to an increased trafficking rate as has been discussed in ‘The invisible hand in Asia’s heirs’ race 30 November 2012. Author: Lauren Johnston, Peking University. The study tries to build a realistic picture about college admissions and the stability of marriage. Comparing college admissions to the marriage market.

Apart from the economic impacts declining population has a substantial impact on the security and politics of China. PLA is already shrinking, even though they are trying to high tech it has been observed that they don’t have enough educated men who can operate the high-tech military instruments. Also, with the wages going up a lot many numbers of men aren’t opting for high-risk military jobs. This is going to impact the PLA in the long run despite the

technological advancements it has made. China is trying to reverse the damage it caused itself by policies like the One-child Policy by implementing a three-child policy and investing largely in the educational sector, but the results will take time and the economic slow-down is expected in near future with increased internal instability.

Source: IANS

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7 Reasons Why You Should Purchase Italian Furniture

7 Reasons Why You Should Purchase Italian Furniture

Very often we see people speaking ever so highly of the Italian furniture they own, while we see others gushing over Italian furniture and expressing their deep desire to own at least one such piece of furniture. Italian design and decor are widely hailed across the world for their strong emphasis on quality and simple shapes that combine both tradition and modernity through the finest craftsmanship.

The way a person decorates their home is a reflection of their personal style and identity. Needless to say, tastes and preferences vary wildly, especially when it comes to items of furniture with regard to their size, shape, texture, and color.  However, regardless of the specific kind of design a person likes, Italian furniture is a dominant player in the furniture and home design industry.

For several centuries, Italy has been considered to be a hub for culture, literature, and the arts as well as architecture and design. Italian style interior design has been the preferred choice for an ever-increasing number of people, and this is not just a recent trend. Italy is a country that is synonymous with class, sophistication, and exceptionally high quality, and this shows in the sheer popularity of Italian furniture today. Italian sofa manufacturers take great pride in the quality and design of their sofa sets, and one need not look far to see that even the most discerning customers are duly pleased with Italian furniture.

So what is it that makes Italian furniture so popular? Let’s take a closer look!

Timeless charm and appeal

Italian sofas, chairs, tables, and other pieces of furniture have a charm that is impossible to compete with, leave alone outdo. Not only are Italian furniture pieces renowned across the world for their quality and appeal, but they are also items whose aesthetic value appreciates over time. Italian furniture has an inimitably characteristic beauty and these furniture pieces only tend to look even better as the years’ pass. The fact that only the best quality materials are used for their manufacture is what makes Italian furniture so sought after.

Strong and durable

While many prospective customers will tend to get deterred or even discouraged by the fact that Italian furniture costs a fair amount of money, these furniture pieces are made with the best quality materials and are guaranteed to last for decades if not centuries. That being said, purchasing Italian furniture should be best viewed as an investment and not just an expenditure, as the elegance, durability, and comfort that these furniture pieces will offer you are their own reward.

Unbeatable quality and elegance

Italian artisans and craftsmen are famous across the world for their dedication, patience, and attention to detail. It goes without saying that Italian products, in general, are synonymous with high quality, and one only needs to look at history to see how true this is. Since time immemorial, Italian manufactures have strived for excellence and have always made sure that the products they make are nothing short of the best. Therefore, Italian furniture is a symbol of Italian perfection, sophistication, and class.

Exquisitely comfortable

The very purpose of furniture pieces such as sofas, chairs, and couches is to provide comfort to people. Italian furniture will not just provide unmatched comfort but will also give any person the feeling of being in exquisite and opulent surroundings. There is no doubt that a handcrafted piece of Italian furniture will convey a feeling of elegance and sophistication.

Wide variety of furniture designs

Many people are under the wrong impression that Italian furniture is available only in very specific parts of the world and that they are few in number. The good news is that this is not true. Artyz offers you a wide assortment of Italian furniture, and you are sure to find something that perfectly suits the design and aesthetics of your home. Not only will you be able to choose from sofas, ottomans, tables, beds, tables, and much more, you will also have the choice of selecting from a wide variety of designs. Given the fact that a lot of hard work and craftsmanship goes into making Italian furniture, you can make your living space truly unique by purchasing one or more exquisite furniture pieces.

High caliber craftsmanship

Italy is a world leader in manufacturing for a number of reasons. To begin with, only the highest quality of materials are used, and this, coupled with the unique and unparalleled skill sets that Italian artisans have, you can be assured of nothing less than the best. Italy has long been hailed for its contributions to several fields of the arts, such as painting, sculpture, music as well as design. That being said, painstaking hard work, unbridled dedication, and sharp attention to detail have made Italian craftsmanship an ideal in and of itself.

Novelty and inimitability

Unlike cheaper, mass-produced furniture that is readily available and most often delivered in a cardboard box, Italian furniture pieces are meticulously handcrafted and made with immense dedication and focus on the details. Italian furniture is very eye-catching and will without a doubt convey a sense of luxury and opulence to both residents and guests alike. Such furniture pieces will have a direct effect on the mindset and mood of residents as they will notice how the furniture pieces enhance and enrich the home.

Before you rush off to purchase Italian furniture pieces for your home, do check out Artyz. Artyz is a renowned furniture showroom in Kolkata that offers you a vast range of furniture choices that can suit the requirements of any living space and can accommodate any budget. As a leading furniture showroom, the focus remains entirely on providing top-quality furniture at affordable and reasonable prices. Simply take your pick from the diverse furniture selection and let Artyz handle the rest. By having Italian furniture in your home, you will be able to liven up your living space in unimaginable ways. The sheer elegance of Italian furniture is what creates a statement like no other style.

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Inspiring Journey of Rajasthan’s Deependra Singh Shekhawat From Monthly Salaries to Founder of Fifteen Crore Turnovers Company

Inspiring Journey of Rajasthan’s Deependra Singh Shekhawat From Monthly Salaries to Founder of Fifteen Crore Turnovers Company

Guy Kawasaki has rightly said that pursuing your passions makes you more interesting, and interesting people are enchanting. Passion is an underrated term as people believe more in hard work and dedication. We often forget that passion is what guides us to success. Deependra Singh Shekhawat is one of the few who proved that hurdles are hidden opportunities, and when utilized appropriately, they will lead you to victory.

Deependra Singh Shekhawat, being the son of a farmer, has the background of a middle-class family. He belongs to a small village of Udaipurwati, district Jhunjhunu of Rajasthan. However, his status never deterred him from dreaming. Dreams full of his passion gave him the strength to fight the battles in his life. After graduation, he initially started from a regular job. However, he was not content with his occupation. He sensed stagnancy in his career. Soon, he started thinking and strategizing about business. This thought process led him to join a renewable energy company, Adani Renewable Energy, to learn about business as the next step in his professional journey. From then on, there was no stopping him; he was on a roll. In 2015, he established Vertex Solution Company and became one of the top vendors of Adani Solar Energy. He went the extra mile by working with India’s well-known renewable energy organizations as Avada Sola, Tata Solar, O2 Power, and many more.

Deependra says that his passion for renewable energy spawns from the fact that renewable energy is one of the significant contributors to boosting the country’s economy and generating jobs. He further adds that adopting renewable sources of energy is a healthier option. He claims it is high time we start living peacefully with nature for the sanity of itself and humankind. Additionally, he has provided with job opportunities for the youth of his village Sarai and has become the Youth icon of Rajasthan. Despite belonging to a middle-class family, he left no stones unturned to achieve success and rose from the bottom of the pit to flying like an eagle. From having big dreams to making others’ dreams come true, he has come a long way.

His journey is inspiring hundreds and thousands of youngsters of middle-class families throughout the country. People are burning with passion after witnessing the change in his life. His life journey is constantly changing the lives of many for the best. He is igniting the fire of eagerness for victory in them.

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