Fewer ‘I dos’ ruin the party for China’s $500 billion wedding industry

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The wedding planning industry in China, which is estimated to be worth almost $500 billion, is facing a decline in couples willing to get married. The weakening economy and low consumer confidence have contributed to this trend. Last year, there were 800,000 fewer marriages compared to the previous year, marking the lowest number since data was first published in 1986. This decline in marriages will further exacerbate the decline in China’s birth rate.

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