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- Mr. Jayadeva Ranade at Globesec Conference, Prague
- Mr. Jayadeva Ranade at Globesec Conference, Prague
- Mr. Jayadeva Ranade at Globesec Conference, Prague
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CHINA-ECONOMY: CHINESE ECONOMIST CALLS ON CHINA'S CENTRAL BANK TO PRINT ADDITIONAL 2 TRILLION YUAN FOR SUBSIDIES TO ENCOURAGE BIRTHS
Citing a recent survey which said the main reasons for low fertility are the high cost of childbirth and the
high housing price, Dr. Ren Zeping, one of the most visible economists in China, made headlines on January
11 by calling for, among other measures, China's central bank to print an additional 2 trillion yuan every year
for establishment of an 'encouragement fund' as soon as possible. He asked that the central bank print an
additional 2 trillion yuan to give in subsidies over 10 years to encourage births without increasing the burden
on ordinary people, enterprises and localities.