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

TIL Desk/World/Beijing/ China’s national legislature on Friday formally endorsed the three-child policy mooted by the ruling Communist Party, in a major policy shift aimed to prevent a steep decline in birth rates in the world”s most populous country.

The revised Population and Family Planning Law, which allows Chinese couples to have three children, was passed by the Standing Committee of the National People’s Congress (NPC).

In an apparent attempt to address the reluctance of the Chinese couples to have more children due to mounting costs, the amended law has also passed more social and economic support measures to address the concerns.

The new law stipulates that the country will take supportive measures, including those in finances, taxes, insurance, education, housing and employment, to reduce families” burdens as well as the cost of raising and educating children.

The NPC has revised the law to implement the central leadership”s decision to cope with new circumstances in social and economic development and promote balanced long-term population growth, the report said.