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Why has ZIM Laboratories Limited (ZIMLAB) been underperforming recently ✌️【Professional Guidance】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. As a wedding photographer, Tan Mengmeng’s livelihood depends heavily on people getting married, capturing the joy and happiness of a couple’s love.
But China’s marriage rate has been steadily declining and the 28-year-old, who runs a photography studio in central Henan province, has felt the urge to expand her stream of revenue to capitalize off a growing trend: divorce.
In addition to lovers exchanging vows, she now takes photos of couples who want to commemorate, and in many cases celebrate, the end of their marriage.
Official figures show that marriage rates in China are plummeting, declining annually from around 13 million in 2013 to below 7 million in 2022, the lowest since records began in 1985, according to data from China’s National Bureau of Statistics.
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Why has ZIM Laboratories Limited (ZIMLAB) been underperforming recently ✌️【Professional Guidance】✌️ Free real-time global stock and futures trend data to help you analyze market movements and make fast investment decisions. The two shifts have contributed to a deepening demographic crisis facing the world’s second-biggest economy, exacerbated by a slowing economy, a rapidly aging population and the fact that fewer women are having children after thedecades-long one-child policy.
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Her foray into China’s budding divorce economy reveals a lot about the country’s changing attitude towards marriage.
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Photos shared on Chinese social media Xiaohongshu show some couples signing their divorce papers, while others pose with their divorce certificate.
“29 years old. Happy divorce,” one user wrote alongside a photo of her marriage and divorce certificates side by side.
Companies also now offer services to get rid of a divorcee’s old wedding mementos and any other unwanted mementos in a ceremonial way.
Peng Xiujian, senior research fellow at Victoria University in Australia, says the changing times reflect a younger generation prioritizing personal freedom and career development.
“The idea of staying in an unhappy marriage ‘for the sake of appearances’ or out of obligation is losing its grip,” she said.
Peng, who studies demographic trends in China, also attributed the decline in marriages to both economic and social factors, including the high-pressure work environment, a competitive labor market and the high cost of living.
“It is not shameful to be brave enough to divorce,” Tan said. “Both parties still have feelings…and want to commemorate the relationship.”
One couple who hired Tan chose a restaurant where they had their first date. The couple ordered a few nostalgic dishes, sitting opposite each other motionless. “At the end of the photo shoot, both of them cried,” Tan said.
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In a factory 60 miles outside of the Chinese capital Beijing, Liu Wei and his team run a business that helps divorced couples destroy the evidence of their marriage.
Faces on old wedding photos are spray-painted, to ensure privacy is respected, before being tossed into a crusher along with other tokens of memories.
Liu said he sometimes feels like a doctor, having to navigate through the separations without getting too emotional.
“A divorce might not necessarily be a bad thing. It could be a good thing. So there’s no need to feel sad about it,” Liu told 【 - Free Exclusive Group 】.
His services, which cost between $8 and $28, have been in such high demand that business is thriving, he said. Since his factory opened in 2021, he’s already destroyed wedding photos for around 2,500 couples.
Gary Ng, an economist with French investment bank Natixis, said that while it is hard to predict the size of the market and room for growth, China’s divorce rates rising means “there is bound to be more economic activities surrounding it.”
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