Bloomberg Businessweek

What Happened To China’s Baby Bump?

Despite the two-child policy, births are again trending down after a brief jump

When James Chen and Subrina Huang heard in 2015 that top Communist Party of China officials had decided to end the decades-old one-child policy and allow all parents to have a second child, they excitedly considered trying for No. 2. “We thought we might like to have another,” says Chen, 35, sitting at a cafe in Shanghai. “I wanted a boy.”

No more. The couple, whose combined annual income is about 132,000 yuan ($20,815), already spends 20,000 yuan a year on extracurricular classes, including English and dance, for their 6-year-old daughter. Then there’s housing. “With two children we would have to consider buying a new

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