Richard's comment: Apparently, China needs more citizens to boost economic growth. Great reason to have kids. Will this cut in half the 13 million abortions they perform every year?
- Policy change part of Xi Jinping's new five-year plan
- Shares of baby-formula maker Danone jump on news of change
China abandoned the one-child policy that has shaped society since the late-1970s as the ruling Communist Party tries to boost a shrinking workforce and manage the country’s transition to an era of slower economic growth.
The party’s Central Committee approved plans to allow all couples to have two children, the official Xinhua News Agency said Thursday, citing a communique released at the end of a four-day party policy meeting in Beijing. The move, which had beenexpected, comes after a previous effort to relax the policy fell well short of the goal of boosting births by 2 million a year. Read more
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