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Decline in marriages in China transforming families and finances

Changing attitudes mean fewer babies and less spending on homes, appliances, household goods

Wu Jingjing (left, shopping with her friend Pengpeng in Beijing last week) is 29, single, and works for an Internet company. She says young people in China no longer just want someone to marry; they want a relationship based on love and are willing to wait for the right person.

Hong Kong

LIU Zhenfeng got married at 25. The usual trappings of family life followed: a daughter, a home, furniture, toys.

That daughter, Song Zongpei, now 28, is taking a different path. She shares a rented apartment in Beijing with two roommates, and is focusing on her career