News Analysis In order to save itself from the aging crisis, China needs to increase the number of young workers or increase the education and productivity of its current workers. Either policy would be very costly and could take decades to pay off. In 2016, faced with an aging population and a dwindling workforce, the Chinese Communist Party (CCP) repealed the one-child policy. The expected birth explosion, however, never materialized. The cost of raising and educating a child in China was just too high to encourage young couples to have more than one child. In Shanghai, a pre-owned, two-bedroom apartment can cost more than $1.5 million, while the average monthly salary is just $1,700 and the minimum wage is $374. With the cost of living to housing ratio, most married couples cannot survive, without support from parents and grandparents, completely ruling out having two or more children. In 2020, only …