Beijing announces a third-child policy to tackle China’s ageing population, here are the economic implications
On May 31st 2021, China announced the introduction of its third-child policy, concluding its previous two-child policy set in 2016. Facing a dwindling young labour force and rising elderly population, China’s third-child policy was implemented in hopes of reviving the country’s current demographic crisis, with last year leading to just 12 million babies born in […]