Home China Braces for Baby Boom Under New Two-Child Rule

China Braces for Baby Boom Under New Two-Child Rule

BEIJING — When Zhou Meifen gave birth to her second child not long after 12:01 a.m. on New Year’s Day, she dodged a $12,000 birth control tax by just a few minutes.

The 36-year-old interior designer from Wenzhou in China’s Zhejiang province was one of the earliest beneficiaries of the new law that took effect on January 1 which allows couples to have two children instead of one. If her baby had been delivered during 2015, she would’ve faced the hefty bill.

The country is expected to welcome as many as eight million extra new babies each year after the abolition of the controversial one-child policy, ushering in a new era of brothers and sisters for Chinese families… Read more : NBC News, 04.01.2016

You can not comment on this article
Related articles
GEAB
15 Apr 2024

Investments, trends and recommendations (apr)

#bitcoin #finance #gold #investment

Bitcoin halving, very short-term positioning Following on from our article on the recovery of Bitcoin by the United States, we recommend that you continue to position yourself for the very [...]

GEAB
15 Apr 2024

2024 Electoral Calendar: Weak signals in a changing world

#africa #Calendar #China #India #taiwan

While two elections capture the world's attention - the European elections in June and the US presidential election on 5 November - there are other elections on the international calendar [...]

GEAB
15 Apr 2024

Post-ChatGPT Corporation: Accelerating the Emergence of State-Companies

#AI #chatGPT #economy #society

Marie-Hélène Caillol, President of LEAP and author of this article, draws on the work carried out with the Real-Futur Excellence Centre of the INSEEC-MSc business school, (PERF) which she founded [...]