China moves to three-child policy as working-age population shrinks

China has been gradually reforming its stringent birth policy that for decades limited most families to only having a single child

Bloomberg
Last Updated at June 1, 2021 00:54 IST

Children play at an exercise area near Houhai Lake in Beijing, China (Photo: Reuters)

China will allow all couples to have a third child, a surprise move aimed at slowing the nation’s declining birthrate as risks to the economy’s long-term prospects mount because of a rapidly aging population.

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