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Economics & Business News

Condom sales slump as China announces end to one child policy

Shares of companies that make nappies, prams and infant formula got a boost on Friday from China's decision to scrap its one-child policy. But for the maker of a popular brand of condoms, it was not the brightest of days.

Investors are betting on a bump in sales for companies with baby or child-related businesses after China's ruling Communist Party announced that all married couples would be allowed to have two children. The economic repercussions travelled as far afield as New Zealand, where the currency of the dairy-exporting country surged.

One of the biggest winners in the financial markets was China Child Care Corp., which makes hair and skin care products for kids. Its shares ended 40 per cent higher on Hong Kong's stock exchange.

Condom sales slump as China announces end to one child policy