Loading ...Tyler Durden’s pictureSubmitted by Tyler Durden on 10/29/2015 07:20 -0400
Back in 1978, the Chinese politburo enacted the “one-child policy”, whose main purpose was to “alleviate social, economic, and environmental problems” in China as a result of the soaring population. According to estimates, the policy prevented more than 250 million births between 1980 and 2000, and 400 million births from about 1979 to 2011. And while not applicable to everyone, in 2007 approximately 35.9% of China’s population was subject to a one-child restriction.
And while China had previously hinted that it’s one-child policy is being phased out, most notably in 2013 when sources close to the National Population and Family Planning Commission said China may relax its one-child policy at end-2013 or early-2014 (read end) by allowing families to have two children, moments ago, during the Fifth Chinese Plenum, this 37 year old policy was formally scrapped and China will henceforth allow two kids for all couples in what is a clear bid to boost growth.