James Liang is co-founder and executive chairman of Trip.com Group.
Global fertility rates are in sharp decline.
Falling births threaten the economy and innovation

A mother bathes her daughter in an alley in Hefei, China. The country's total fertility rate fell below 1.1 in 2022. © Reuters
James Liang is co-founder and executive chairman of Trip.com Group.
Global fertility rates are in sharp decline.