China's economy: Women shun Xi Jinping's urging to have babies
China has offered cheaper housing and cash to women as incentives to get pregnant, but the birthrate is still falling, bringing major problems for the economy.
Source: afr.com
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China has offered cheaper housing and cash to women as incentives to get pregnant, but the birthrate is still falling, bringing major problems for the economy.
It has offered them sweeteners, like cheaper housing, tax benefits, and cash. It has also invoked patriotism, calling on them to be “good wives and mothers.”
Faced with falling births, China’s efforts to stabilize a shrinking population and maintain economic growth are failing.
Decline is more than twice as fast as last year’s, and comes despite efforts by the Xi administration to boost the fertility rate