China allows three children in major policy shift

[Viva_Viet]

China has recently allowed families to have 3 child.

China allows three children in major policy shift

The change comes after a move to a two-child limit failed to stop a decline in birth rates.

www.google.com

Here's what the people's think.

https://twitter.com/x/status/1400030479542280192

Enjoy your unstoppable demographics decline.

They can have 3 kids, but CN leaders are trying to stamp down the worker's wage. Hundred millions CNese won't even have enough money to raise 1 kid, let alone raising even 3 kids

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Shenzhen tamps down wages with eye on China's manufacturing exodus
City plans first rule change in 17 years as companies chase cheaper labor abroad

Workers assemble TVs at a Shenzhen factory. The city plans a major overhaul to stem the rise in wages. © Reuters
TAKASHI KAWAKAMI, Nikkei staff writerJune 30, 2021 14:59 JST
GUANGZHOU -- The Chinese city of Shenzhen will overhaul its rules on worker pay for the first time in 17 years, looking to curb surging labor costs and stem the exodus of companies to cheaper markets in Southeast Asia and elsewhere.
A bustling technology hub, Shenzhen's plan boils down to three main components -- reducing overtime pay for irregular workers, tightening bonus rules and extending deadlines for paying employees.
The Shenzhen government has explained that supporting businesses serves workers' interests in the medium to long term. Employment in China still has yet to recover to pre-pandemic levels, and Shenzhen hopes cutting wages could encourage hiring.

Shenzhen currently requires triple pay for workers who show up on statutory holidays, like the Lunar New Year. Under revisions to the local ordinance on wages, which the Municipal People's Congress began deliberating at the end of May, holidays would pay the same as regular weekdays.
Employers also issue bonuses in proportion to how long employees worked there each year, even if they quit partway through. The Shenzhen proposal will allow companies to set their own guidelines on bonus payments, and potentially not pay workers who were only there short-term.
The city plan would allow the deadline for companies to pay their workers to be extended to the 30th of the following month from the current 22nd, though some local lawmakers are pushing for a shorter extension.

Shenzhen tamps down wages with eye on China's manufacturing exodus

City plans first rule change in 17 years as companies chase cheaper labor abroad

asia.nikkei.com