IMF: More than new baby pol­icy needed

China Daily (Canada) - - SHANGHAI -

China’s more re­laxed pop­u­la­tion pol­icy is un­likely to boost the na­tion’s birthrate, while other poli­cies, such as en­cour­ag­ing women and se­niors to work, are crit­i­cal to curb the prob­lems of the coun­try’s aging so­ci­ety, ac­cord­ing to the In­ter­na­tional Mone­tary Fund.

The IMF did not give an ex­act pro­jec­tion of how the new child pol­icy would lift China’s fer­til­ity rate. The re­port, how­ever, fo­cused on how dif­fer­ent pol­icy op­tions would af­fect age-re­lated spend­ing by 2050 and 2100.

For China, the IMF found that in­creas­ing fer­til­ity would only cut pen­sion and health­care spend­ing by 0.6 per­cent­age points by 2050. In­creas­ing women’s par­tic­i­pa­tion in the la­bor force would cut 0.7 per­cent­age points, and in­creas­ing se­nior par­tic­i­pa­tion in the la­bor force would cut 1 per­cent­age point.

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