To Boost Birth Rate, China Launches Child Tax Credits


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As China relaxes its child-bearing policies amid a declining birth rate, the country plans to promote tax deductions for child expenses in the country for those under three, according to an official document outlining the policy initiative, Xinhua reported. On May 31, Beijing said it would allow married couples to have up to three children, [Xinhua]( reported. The changes are an attempt to save the world’s most populous country’s economy and correct its [slowing population]( . The previous limit was two children after Beijing ended its decades-long one-child policy in 2016 over concerns of an aging population, but it didn’t...