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First Chinese City Doles Out Cash Subsidies to Encourage Births

A Chinese city will give out cash handouts to encourage childbirth, the first in a nation faced with a rapidly aging population struggling to boost its birthrate.

The government of Panzhihua city in the southwestern province of Sichuan announced Wednesday it will give local families 500 yuan ($77) per baby every month if they have a second or third child, until the babies reach three years old, the state-run Xinhua News Agency reported Wednesday.