China’s tech-savvy single-person households set to grow larger, helping drive economic growth

Source: Tech – South China Morning PostMainland China had about 500 million registered households at the end of 2020, but 125 million of these – or one out of four – consisted of just one individual, according to the latest government data. It is mind-boggling to learn that the world’s second-largest economy has such a vast number of single-person households, the total number of which is as large as Japan’s population.Urbanisation, in which the population shifts from rural to urban areas, is an obvious reason for the proliferation…Read More

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