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Spirethoughts

Spire's six most recent Spirethoughts.

Countries fight Covid-19 crisis with economic bailout packages
EU offers more market access to Vietnam
EU offers more market access to Vietnam
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The World Bank’s USD212 million Green loan for Vietnam
The World Bank’s USD212 million Green loan for Vietnam

Is China’s baby boom good for economy?

China’s change in its one-child policy could change the state of the economy drastically. Allowing families to have more than one child indicates a definite boost in consumption, especially in the baby products sector such as food, clothing and infant formula. Related services, like education, will also continue to rise.

According to a report, 400 million births were prevented over a period of 30 years due to the one-child policy in China. There is consideration to abolish this policy post-2015; signifying an eventual larger workforce to support the aging population. Besides, with a large portion of the population aged between 40 to 50 years retiring in the next few years, this move would slow the declining labor force gradually, and compensate for the shrinkage of young, skilled workers and rapid aging of the population.

How will the change in policy pave the path for economic growth?

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