Fresno, California 2021-05-31 06:39:01 –
According to state media, the Chinese Communist Party’s chief leader made a decision at a meeting on Monday as a move to address the country’s aging population.
The state media did not mention when the new policy would be implemented.
Only three weeks after Beijing released the 2020 census, China’s population was shown to be growing at the slowest pace in decades.
According to the National Bureau of Statistics of China, the population has grown by only 5.38% in the last decade, the slowest growth rate since at least the 1960s.
China’s one-child policy was introduced in 1979 and for more than 35 years, couples were limited to one child as they sought to deal with overpopulation and alleviate poverty.
In recent years, the Chinese economy has grown rapidly and vital needs have changed. Today, governments rely on a large, young workforce to support high levels of economic growth.
To avoid a vital crisis, the Chinese government announced in 2015 that it would ease birth restrictions and allow up to two children per family.
State media sought to gain support for the campaign. In 2018, the Communist Party newspaper People’s Daily published a full-page column entitled “Birth is a family issue and a national issue.”
However, the policy reversal failed to raise the birth rate of the country, which fell by almost 15% year-on-year in 2020. Some couples have a second child due to rising living costs in China. States to be too expensive.
At the same time, China’s population is aging rapidly, threatening economic growth. According to 2020 census data, the proportion of the population aged 65 and over has increased rapidly over the last decade, from 8.87% in 2010 to 13.5% in 2020.
The Chinese government is also considering raising the retirement age to address the aging workforce. Currently, men retire at age 60, but women can quit their jobs at age 55 for white-collar employees.
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China to allow couples to have up to 3 children in attempt to reverse falling birth rates Source link China to allow couples to have up to 3 children in attempt to reverse falling birth rates