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Monday, November 18, 2013

China's 1 Child Policy Changes

If both parents are single children, China will allow a 2nd child. Huge change, which I have been expecting. Eventually, I see the one child policy will be discarded. What is driving this is China's demographics are a challenge, where the country may get old before it gets rich. The challenge is the price of raising a child has increased in China, which will impact the birth rate. It seems the richer a country gets, the smaller the birth rate. The exception seems to be Nordic countries.

The question on the new policy is implementation:
China to Move Slowly on One-Child Law Reform - WSJ

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