Pets are likely to outnumber infants and toddlers in China starting this year, as people have grown increasingly unwilling to have children amid a decline in women of childbearing age, according to a recent Goldman Sachs report.
The findings coincide with anticipations that marriages in the country could plunge to a nearly 45-year low in 2024, underscoring a raft of demographic challenges facing the world’s second-largest economy.
