English | دری

China changes its one-child policy

in International Business

China changes its one-child policy

one child policyChina has endorsed its one-child policy that has been enforced upon its population since 1970s to curb the nation’s rapid population growth.

A resolution passed by the Standing Committee of the National People’s Congress now allows couples to have two children if either parent is an only child.

The reforms, which came at the end of a six-day meeting of the congress, have already been tested in parts of the country.

They needed formal legislative approval to be put into effect.

The country’s one-child policy concerned the leaders about the country’s ageing population that will both reduce the labor pool and exacerbate elderly care issues.

By 2050, more than a quarter of the population will be over 65.



Related Articles

OECD ups global growth forecast to six-year high

The Organization for Economic Cooperation and Development (OECD) predicts the global economy growth rate at 3.5%, its highest in six

Japan wants to become a part of the TPP free trade talks

Japan wants to join the talks on the Trans-Pacific Partnership (TPP) with the hope it would help revive the Japanese

Asia Markets Supportive of Greece Voters Backing Pro-bailout Party

In the wake of Greece’s election on Sunday, Asia markets have rallied after support for pro-bailout parties. The New Democracy

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.