Media Updates, page-12342

It’s funny how at afr they present “direct” quotes.
DB did not say that he “is banking on increase in number of weddings to boost the number of babies born”, at investors call he was asked a question by GS guy if they should monitor wedding registrations for instance to see signs of birth rates improvement and at the end of his answer DB said that they are monitoring situation very closely including as this guy mentioned wedding registrations, maternity center booking, etc.
Also DB did not say “women having trouble falling pregnant post-vaccination or experiencing COVID”, he said that women in China were advised by health officials to avoid pregnancy at certain timeframes after vaccination and after having covid and as result they noticed deeps in stage 1 sales during mass vaccination period and after restrictions lifted when infection rates went up. But after those deeps sales have recovered.
Lets face it, if china’s birth rate will decline 10% each year in 20 years there will be virtually no new birth. Do you really think this is where we going? yes, this year will be impacted by lockdown and recent spike in infections but after that it will get back to normal and do not underestimate Chinese government if they want increase birth rate they will.
There are some other stuff as well.
Anyway if you want to know what exactly DB and management said listen investors call recording. It’s on company’s website.