One Weibo user responded in a popular post, “I’m not buying three Rolls-Royces not because there’s any restriction, but because they’re expensive'
Two women and two babies sit on a bench in a park in Beijing on May 25. Photo: Nicolas Asfouri/AFP via Getty Images In a significant policy change aimed at countering the country’s declining birthrates, rapidly aging population, and shrinking workforce, China will now permit married couples to have up to three children. The shift, announced by the nation’s ruling Communist Party on Monday, comes less than six years after raising the nationwide limit to two children.
Indeed, most experts who responded to the news on Monday seem skeptical that allowing an additional child will do enough to reverse the national demographic trends. Many other countries are experiencing birthrate and population-growth declines, and without having imposed draconian limits on how many kids people can have.
CNN Business’ Laura He adds that China’s declining population growth is expected to have major implications for its economy:
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