Each child will receive an annual subsidy of 3,600 yuan (approximately $500) until they turn three years old.

China published an Implementation Plan for the Child-Raising Subsidy System, a national policy that establishes direct financial assistance for families with children under three years of age.

Venezuela closed its border crossings ahead of Sunday's municipal elections.

Venezuela closed its border crossings until six a.m. next Monday, as a way to "facilitate the development of the municipal elections to be held on July 27, throughout the national territory," announced Executive Vice President Delcy Rodríguez.