China to fully cover childbirth costs for all as fertility crisis sparks economic alarm

China will expand its national healthcare insurance programme next year to fully cover all out-of-pocket expenses related to childbirth, according to state media reports. It is the country’s latest bid to lift birth rates and avert a looming demographic crisis that threatens to undermine long-term growth prospects. The pledge to widen the medical insurance coverage was unveiled at a national healthcare security conference in Beijing on Saturday, state news agency Xinhua reported. According to a...