Three-Child policy in China

Subject – IR

Context – China formally passes three-child policy into law

Concept –

China’s legislature has formally amended the country’s family planning rules to allow couples to have three children.
The amended law calls on the authorities to 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.
China’s regulators in recent weeks have taken drastic measures to reduce education costs– cited in many surveys as a main reason why many couples prefer to have only one child – including by improving the booming private education industry, which may be ordered to go non-profit according to reports.
The changes come in the wake of China’s once-in-ten year population census that recorded rapidly declining birth rates over the past decade.
In 2016 also a “two-child policy” was introduced that largely failed to boost birth rates.