China has announced its most significant central-level effort to reverse a deepening demographic crisis since allowing families to have three children, unveiling a long-awaited national childcare subsidy scheme that will provide up to 10,800 yuan (US$1,505) per child under the age of three.The move came amid mounting urgency among policymakers to stem the population decline and blunt its long-term drag on economic growth and social stability, after years of piecemeal local incentives that...