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China today officially junked its controversial one child policy, allowing couples to have a second child amid deepening demographic crisis of shrinking workforce and ageing population in the world's second largest economy.
Chinese lawmakers passed a historic decision allowing all couples to have two children from January 1, ending its over three and half decades old policy that prevented over 400 million births in the country.
"The state advocates that one couple shall be allowed to have two children," the state-run Xinhua newsagency quoted the newly revised Law on Population and Family Planning as saying.
The law was passed by the 159-member National People's Congress Standing Committee, the top organ of China's parliament.
The NPC approval was a formality as the ruling Communist Party of China (CPC) headed by President Xi Jinping has approved itearlier as China, world's most populous country with 1.37 billion people, faced grim demographic crisis under which China is expected to face severe labour shortages due to rapid increase in ageing population.
Read more here. (Business Standard)
Chinese lawmakers passed a historic decision allowing all couples to have two children from January 1, ending its over three and half decades old policy that prevented over 400 million births in the country.
"The state advocates that one couple shall be allowed to have two children," the state-run Xinhua newsagency quoted the newly revised Law on Population and Family Planning as saying.
The law was passed by the 159-member National People's Congress Standing Committee, the top organ of China's parliament.
The NPC approval was a formality as the ruling Communist Party of China (CPC) headed by President Xi Jinping has approved itearlier as China, world's most populous country with 1.37 billion people, faced grim demographic crisis under which China is expected to face severe labour shortages due to rapid increase in ageing population.
Read more here. (Business Standard)
