Weibo bars Chinese economist after he suggests $423b fertility fund

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BEIJING - A high-profile Chinese economist has been banned from posting on the Weibo social media platform after drawing controversy over suggestions that the central bank set up a 2 trillion yuan f

ertility fund to encourage people to have more babies.

It did not elaborate on what particular law or regulation he was deemed to have violated. The birthrate in the world's most populous country has been a concern of authorities for generations. Mr Ren this week published two essays suggesting that the"most pragmatic and most effective" way to increase China's plunging birth rate would be for the central bank to print 2 trillion yuan for a fertility fund to be distributed as monthly cash payments for every child.

The birth rate in 2020 dropped to a record-low of 8.52 births per 1,000 people, or below 1 per cent, official statistics showed last November and in May, the government announced that married couples may have up to three children

 

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straits_times If PRC really practice Confucius teaching which is based of Rites of Zhou…then it should allow polygamy to solve this problem…😷

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