China: Ageing population presents huge issue for Chinese state

China faces a demographic challenge with its rapidly aging population, which could hinder its economic growth. Innovative solutions like pilot nursing homes in Hangzhou, where young people live with retirees, offer some relief. By 2050, the elderly will make up 35% of the population, increasing pressure on the economy and pension systems. The one-child policy has been lifted, but birth rates remain low. The aging society poses significant economic challenges, including a shrinking workforce and increased care costs.

In what ways could increasing the birth rate help mitigate the aging population issue?

What factors contribute to the reluctance of families to have more than one child in China?