China Announces Three-Child Policy

China Announces <br />Three-Child Policy.<br />The major policy shift comes after <br />the country’s census data showed <br />steep declines in birth rates.<br />China replaced its one-child rule <br />in 2016 with a two-child limit, which <br />failed to lead to an increase in births.<br />Experts have noted that Chinese citizens <br />may not be deterred by birth restrictions, but <br />instead the high cost of raising children in China.<br />If relaxing the birth policy <br />was effective, the current two-child policy should have proven to be effective too, Commerzbank senior economist Hao Zhou, via Reuters.<br />The fundamental issue is living costs are too high and life pressures are too huge, Commerzbank senior economist Hao Zhou, via Reuters