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Re:China’s property giant Evergrande files for bankruptcy pr... by starfallg on Friday August 18, 2023 @03:55AM (#37172542)
China has a poor social security net. The one-child policy has resulted in a couple having to provide or care for 4 parents and 8 grandparents.

That's is in no way sustainable on an individual level and worse on a societal level when you have a small working population and a large number of people that require care.

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