FILE PHOTO: A U.S. dollar banknote featuring American founding father Benjamin Franklin and a China's yuan banknote featuring late Chinese chairman Mao Zedong are seen among U.S. and Chinese flags in this illustration picture taken May 20, 2019. Picture taken May 20, 2019. REUTERS/Jason Lee/Illustration/File Photo
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The Chinese parliament abolished family planning policies through the new civil law that came into effect this year, after the number of new births declined last year to 12 million, amid an increase in the working age population, as a quarter of the population in China is expected to reach 60 years of age or more by 2030
