The cost of grave plots in China are rising so fast that they’re beginning to outpace the country’s housing markets. The same year, China’s National Bureau of Statistics reported that the average annual salary for a worker in Beijing’s private-sector was 52,902 yuan ($7,956). China’s current mortality rate is around 7.1 deaths per 1,000 people, which makes the country’s annual death rate roughly 10 million. This has led to a boom in the funeral market, which was worth about $15.4 billion in 2013, and which entrepreneurs have wasted absolutely no time capitalizing on. Burial superstitions are rooted mainly in the older generations, but China’s younger population are products of a modern landscape.

Source: Forbes November 13, 2017 01:18 UTC