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Policy Support Needed To Increase Birth Rate

CHINA PRESS

Authorities should implement policy reforms to boost birth rates such as providing financial subsidies to lower nursery fees and allowing foreign nannies to work in China, according to Liang Jianzhang, co-founder at Ctrip Group and a population economist. China lagged behind northern European countries who spend 2-3% of GDP per year on child subsidies, Liang noted. On the silver economy, the post-60s generation will be the first retirees who benefited from the reform and opening up era, and will therefore drive increased consumption growth. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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