What serious issue is China facing regarding marriage registrations and why is it concerning?

China is experiencing a significant decline in marriage registrations, which has triggered serious concerns about falling birth rates. According to the data, marriage registrations have plummeted by approximately 20% in 2024, contributing to fears about China's shrinking population. This demographic challenge has prompted responses from local governments, such as Luliang in Shanxi Province, which are now offering cash incentives and subsidies to newlywed couples. The trend appears to be driven by economic challenges, high childcare costs, and job insecurity, creating a perfect storm that threatens China's population stability.