China approves three-child policy with sops to encourage couples to have more children

China's legislature on Friday approved the policy of three children, proposed by the ruling Communist Party of looga to prevent a decline in the birth rate comes to people in the world.

The revised Public Law and Family Planning Act, which allows Chinese couples to have three children, has been approved by the Standing Committee of the National Assembly.

In an effort to prevent public looga partners China and does not want to bear children because of increasing costs, changes to the law are also on the social and economic support measures additional to looga have concerns.

The new law states that the state will take supportive measures, including those related to finance, taxation, insurance, education, housing and employment, to reduce the burden on families and the cost of raising children, according to China's state-run newspaper. Daily.

The report said the NPC has reviewed the law to implement the central leadership’s decision to deal with new social and economic development conditions and promote long-term balanced growth.

In May this year, China's ruling Communist Party agreed to relax its strict policy on two children, allowing all couples to have up to three children.

In 2016, China allowed all couples to have two children, and overturned the decades-long policy of having only one child that politicians blamed for human violence.

Chinese officials claim the one-child policy has prevented more than 400 million births for more than three decades.

The decision to accept a third child came after a decade-long census this month, which showed China's population slowing to 1.412 billion, while official forecasts could begin to decline early next year.

New figures show that China's population crisis is likely to worsen as people over the age of 60 reach 264 million, an increase of 18.7 percent last year.

Following calls for the government to lift family planning restrictions as the country's declining population could lead to severe unemployment that has a negative impact on the world's second-largest economy, the Family Protection Committee has decided to adopt a third child and oppose the family planning policy altogether.

"The data shows that the aging of the Chinese population is deteriorating, and we will continue to press for achieving a balanced population growth," said Ning Jize, director of the National Bureau of Statistics (NBS). Giving the eleventh numbers

The policy of two children does not allow couples to have a second child because few people have chosen a second child and it is said to be costly to raise children.

Dan Wang, chief financial officer of Hang Seng Bank in China, said the policy of the three children will have a positive impact on the level of Chinese citizenship, but will not be as the authorities expected..

The declining trend has led Chinese population statistics to predict that the Indian population will overtake China ahead of the UN forecast for 2027 to take the lead in the world's most populous country.

By 2027, India is expected to overtake China as the world's most populous country. India is expected to add nearly 273 million people by 2050 and will remain the most populous country by the end of the century, according to a 2019 United Nations report.

Studien från People's Bank of China (PBOC) sa att Kina snart kommer att liberalisera sin födelsepolitik eller möta en situation där andelen arbetare och bördan för äldreomsorg kommer att vara högre än i USA år 2050.

She said the country should not disrupt people's ability to have children or it would be too late to alter the economic impact of a declining population.

China also sees a progressive, flexible and diversified path to raising the retirement age.

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