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BEIJING: China on Tuesday announced a slew of perks aimed at encouraging families to have more babies, as birth rates hit a record low and officials warned that the population will start to shrink by 2025.
The world’s most populous country has been grappling with a looming demographic crisis as it faces a rapidly ageing workforce, slowing economy and its weakest population growth in decades.
China population to begin shrinking by 2025
Although Beijing ended its draconian “one-child rule” in 2016 and last year allowed couples to have three children, birth rates have slipped over the past five years.
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