Finance

China’s central bank (PBOC) paper suggests dropping childbirth limits

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People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. 

Jason Lee | Reuters

BEIJING — China may be one step nearer to abandoning its controversial policy of restricting childbirth.

The central bank released a paper late Wednesday suggesting the country remove limits on how many children people can have, suggesting that China should “fully liberalize and encourage childbirth.”

As China’s population began aging, Chinese authorities began several years ago to roll back the decades-old “one-child policy” and allow people to have two children. But births continued to fall, dropping 15% in 2020 in a fourth-straight year of…



Source cnbc.com

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