Although new policies allow families to have as many as three children, China's birth rate dropped to 7.52 births per 1,000 people in 2021, the lowest si**he National Bureau of Statistics began recording the data in 1949.

Clive Shore and Darren Shirley, analysts at broker Shore Capital said: 'We view Warpaint as a multi-year growth business, with a building customer base in existing markets and healthy international growth across the USA and Europe prospects, supported by both store-based and online partners.'

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