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China Mulling Population Policy

China Mulling Population Policy
China Mulling Population Policy

China’s one-child policy could soon change. The country of 1.3 billion people laid down family planning rules in the late 1970s to control population growth, Euronews reported.

Today, one in ten Chinese citizens is 65 or older. That proportion is expected to rise to about one-third by 2050 if China maintains its current policy. In the meantime the working population is also aging, as Prof. Wang Jun from Sun Yat-Sen University said. “Migrant workers and others in the working population are also aging, which may affect our country’s economic vitality. The situation can be improved to a certain extent by changing the birth policy,” he said. A policy change two years ago allowed couples to have a second child if either parent was an only child. Authorities estimated that about two million more babies would be born annually, but the actual increase last year was only half a million. Many parents say they could not afford a second baby.

Financialtribune.com