China’s decision to relax birth rules by allowing all families to have three children was met with skepticism from economists who doubt it’ll make much of a difference.
While the government promised a variety of support policies from developing a universal childcare service system to tax measures and improving maternity benefits, there were no details on when the three-child rule will take effect and these policies implemented.
Here are some of the key steps needed to encourage more births and reverse the shrinking workforce:
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