Global Markets: China eases child policy

By MarketsFarm

WINNIPEG, May 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– China is easing its policy on childbirth, announcing Monday that married couples will now be able to have up to three children. The ‘one-child policy’ allowing only one child for most couples that had been in place for decades was raised to two in 2016. However, the birthrate remains too low to make up for China’s rapidly aging population. Supportive policy measures to help families will also be introduced, with the high costs of raising children in China likely a greater barrier to increasing the country’s fertility rate than the childbirth policy, according to some analysts.

– Democrats in the Texas House of Representatives staged a walkout on Sunday night in an effort to block the passage of a Republican voting rights bill. The bill would have reduced polling hours and introduced other measures to limit voting in the state. Without quorum the legislative session ended and Senate Bill 7 failed. However, the Republican governor Greg Abbott announced he would announce a partial session to pass new legislation.

– A new coalition in Israel in the works could see the end of Benjamin Netanyahu’s tenure as prime minister. Led by Netanyahu’s former defence minister Naftali Bennett, the coalition spans a wide range of parties from the left, right and centre of the country’s political spectrum. Opposition parties have until Wednesday to form a coalition government, after an election in March failed to produce a decisive victory for any one party.

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