This might be the reason why share price was declining in the past three weeks and why it went up today after the official announcement.
2023.12.27
While official figures won't be confirmed until Jan. 17, the Mother and Infant Daily news service said 7.88 million babies were born across China 2023, 1.68 million fewer than in 2022..
https://www.rfa.org/english/news/china/china-birth-rates-plunge-12272023160425.html
JAN 4
China experienced a significant drop in babies being born last year, with just 7.88 million children in 2023 compared to 9.56 million babies in 2022
https://futurism.com/the-byte/data-china-less-baby-birth
Ann: 1H24 Results Call Notification, page-21
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