China eyes childcare overhaul with a law to boost births, fix demographic crisis

China has taken a step towards regulating the childcare industry at the national level, drafting legislation to standardise services and lower costs as policymakers fight to reverse a demographic decline that could have long-term economic ramifications. The draft Childcare Services Law was submitted on Monday to the Standing Committee of the National People’s Congress for review, according to Xinhua. The bill, comprising eight chapters and 76 articles, aims to establish a national legal...