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China Should Cut Taxes to Raise Child Births: Herald

MNI (Singapore)

China should consider cutting taxes and reduce high housing and education costs to encourage the younger generations to have children, said the 21st Century Business Herald in an editorial after the government endorsed having three children. Family with two or more children should be taxed as a whole, not individually, and enjoy some tax reduction, which will encourage middle-income urban residents to have children, the newspaper said. China's declining fertility rate has a strong correlation with rising housing prices while having three children requires larger housing that is difficult to achieve in big cities, the newspaper said.

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