Wednesday, July 31, 2019

More children - More prosperity

China’s northeastern province of Liaoning is planning to encourage couples to have a third child in a bid to improve dwindling fertility rates and stop its workforce from declining. Liaoning’s provincial government said that revising family planning regulations was one of its major priorities for 2019 after previous adjustments failed to arrest the decline in its population. It has drafted new regulations aimed at improving education, housing and social security and providing more financial support for families choosing to have two children. It will also allow some couples living in “border areas” to have a third child. Liaoning’s birth rate fell to 6.39 per 1,000 people last year, far lower than the national rate of 10.94. Its population also dropped for the second consecutive year in 2018, hit not only by the decline in new births but also by an exodus of young people seeking work in other regions.

China's“one-child policy” restrictions ended in 2016 to allow all couples to have two children as it tried to rebalance its rapidly ageing population. However, experts have called for more radical measures, with birth rates still in decline and China’s health services and pension funds expected to come under increasing strain as the number of elderly people increases. 

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