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Recently, China’s legislature formally amended the country’s Population and Family Planning Law to allow couples to have 3 children.
About
- Now, Couples in China, would for the first time be allowed to have a third child in relaxation of family planning rules.
- China also announced a number of policy measures aimed at boosting declining birth rates.
- Chinese officials claim the one-child policy implemented for over 3 decades has prevented over 400 million births.
Background
- In 2016, a “two-child policy” was introduced that largely failed to boost birth rates.
- The prime reason quoted was the high education cost of children.
- Hence, the amended law calls on the authorities to “take supportive measures” like those in finances, taxes, insurance, education, housing and employment.
- China’s regulators in recent weeks have taken drastic measures to reduce education costs.
- They are trying to overhaul the booming private education industry, which may be ordered to go non-profit.
- It will reduce families’ burdens as well as the cost of raising and educating children.
Need for such regulation
- The Chinese Decennial Census reported rapidly declining birth rates over the past decade.
- The National Bureau of Statistics said on May 11 that 12 million babies were born last year, the lowest number since 1961.
- 60+ Age Group saw significant Population rise:
- The census said China’s population was 1.41 billion in 2020, an increase of 72 million since the last census in 2010.
- The census recorded 264 million in the age group of 60 and over, up 5.44% since 2010 and accounting for 18.70% of the population.
- Declining Working Age Population:
- Those in the 15-59 age group were 894 million persons, down by 6.79% since 2010 and accounting for 63.35% of the population.
- China’s workforce in the 15-59 age bracket peaked at 925 million in 2011
- That number was down to 894 million in this census and would drop to 700 million by 2050.
- The ageing crisis “might be the biggest challenge the Chinese nation faces in the next century.”
- It will increase the social security spendings of the government.
- Productivity will go down and demand for higher wages may go up.
- This may hamper the Chinese model of economic growth based on Cheap Exports.
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Indian Case regarding population Control
Need for population Control in India
Past Experience
Challenges in Indian Population Control
Way Ahead
What is the Total Fertility Rate (TFR)?
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Source: TH
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