Is the "Three-child Economy" Coming? Guangdong TV Interviewed Professor Chen Zhuming from the School of Business

In the context of the falling birth rate and ageing population, the "three-child policy" was introduced. What opportunities and impacts will this bring to related industries?

Professor Chen Zhuming said that the introduction of the "three-child policy" means that in the future, related economic activities will also change around the increase in newborns and the aging population. For enterprises, the most immediate impact of the falling birth rate in our country is insufficient supply of labor. As far as society is concerned, the biggest impact is the increased pressure on the elderly care. For the country, the falling birth rate will lead to a shortage of young and middle-aged labor, which will have an impact on the sustainable development of the country.

To what extent can the "three-child policy" boost the birth rate? Professor Chen Zhuming believes that there is a process of policy effects. At present, the country is actively implementing supporting measures for childbirth. The government can make efforts in the following aspects: The level of services to ensure good prenatal and postnatal care must be improved, and a child care service system that benefits all families will be established. A greater equality in education and an enhanced supply of high-quality education resources will be promoted to reduce families' education expenditure. The maternity leave and maternity insurance system will be improved. More incentives in taxes and housing will be rolled out and the legitimate interests of women in the job market will be safeguarded.