---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42025249.md"
description: "China has now formed a mutually reinforcing closed loop:Young people decrease → labor force decreases → flexible employment increases → social security hollows out → pension expectations worsen → willingness to consume declines → willingness to have children further declines❗️"
datetime: "2026-06-19T17:37:55.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42025249.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42025249.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42025249.md)
author: "[浩浩荡荡地](https://longbridge.com/en/profiles/19784218.md)"
---

# China has now formed a mutually reinforcing closed…