China’s New Cash Plan to Tackle Birth Rate Threat
China plans to introduce new nationwide cash incentives for families with newborn babies in an effort to boost the country's declining birth rate and ensure long-term economic growth. Why It Matters China ended its decades-long one-child policy in 2016, but the country's fertility rate continued to decline for seven years, despite a raft of government policies. Officials fear that the demographic shift could have wide-ranging effects on the world's second-largest economy in the years to come. While the fertility rate last year bucked...
