Tax reduction could boost newborn population

"We will raise the personal income tax threshold and create expense deductions for items such as children's education and treatment for serious diseases, appropriately lightening burdens, and encouraging our people to increase their incomes and achieve prosperity through hard work."

This paragraph in the Government Work Report which Premier Li Keqiang presented on Monday shows the government is about to take one of the most important steps that will touch people's lives and livelihoods.

The comprehensive two-child policy which allows all couples to have two children is a big change over the past five years, as pointed out by Li in the report.