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What does the central bank document imply?
The working paper of the central bank says that fertility should be fully liberalized and encouraged, because China is gradually entering an aging society. An aging society has always been an important issue affecting social development. With the influence of medical technology and social pressure, the proportion of the elderly in the social population is increasing. Due to the influence of economic pressure and other pressures, people usually make conservative choices on fertility issues. This has gradually led to the increasing content of middle-aged and elderly people in society. Faced with this phenomenon, we should let go of fertility, supplement the strength of young people and promote social development. The shortage of young people's strength will also lead to the need for the elderly to delay retirement, while young people need to spend more time on employment.

In the development of a country, an aging society is an inevitable problem. The phenomenon of aging society has appeared in many countries, and the phenomenon of negative population growth has also appeared accordingly. In our country, people now feel the pressure of raising children is relatively great. Due to the large population base, the cost of raising children is relatively high. Therefore, in the process of choosing to raise children, a family usually chooses to have only one child in order to carry on the family line. This is also the reason why the second child has been released so far, but it has not achieved the corresponding effect.

However, if fertility is fully liberalized, the population base will be further expanded, social competition will be further intensified and population resources will be further compressed. Therefore, any policy actually has both positive and negative aspects. Only by making better use of the positive side can we better promote social development. On the issue of fertility, whether to fully liberalize it is still in the discussion stage. At present, letting go of the second child is an attempt at the birth policy.

Whether it will be fully liberalized or not, we should actively face the problem of social aging and better solve the disadvantages brought by aging through corresponding policies.