Beijing Institute: More Children Needed to Stimulate China's Economy
• Children are the best investment for China's economy to stimulate consumption and expand domestic demand, says a Beijing policy institute • China's population declined in 2022 for the first time since 1961, falling by 850,000 people • The institute urges authorities to reverse the rapid decline in newborns to maintain China's economic advantage • It recommends distributing national maternity subsidies and implementing policies to reduce childbearing/rearing costs • China's post-pandemic economic recovery remains weak despite measures like interest rate cuts and capital market activation