Young Chinese parents tighten belts as childcare costs rise

The world's second-most populous country is threatened with a demographic crisis after its birth rate halved over the past decade -- all while people rapidly age out of the workforce. Beijing has made "building a childbirth-friendly society" a priority over the next five years, China's Premier Li Qiang said on Thursday as lawmakers gathered in the Great Hall of the People for their annual political conclave. However, young Chinese say the measures do little to alleviate financial stress. Zhang...