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China must lift birth restrictions to take on India, US: report

Apr 16, 2021 10:21 IST | By Editorji News Desk

China should lift all birth restrictions to tackle the problems of an ageing population and plan ahead to compete economically with a demographically young India and an immigration-friendly US, a report by the central bank has said, Hindustan Times has reported.

China’s birth rate has been falling for years. That’s why the government eased the one-child policy, which was in place since the late 1970s, in 2016, allowing couples to have two children.

Primarily focused on how China should tackle the problem of its ageing population, the People’s Bank of China report has compared the situation to India and the US, making the radical suggestion that the government allow three or more children per household.

 

International