The top leader of the Communist Party of China made the decision at a meeting on Monday, state media said, in a move designed to combat the country’s aging population.
State media did not say when the new policy would come into effect.
According to data from the National Bureau of Statistics of China. The population has only grown 5.38% over the past decade. This is the slowest growth rate since at least the 1960s.
China̵7;s one-child policy was introduced in 1979 and restricted couples to one child for more than 35 years as the country seeks to tackle overpopulation and alleviate poverty.
China’s economy has grown rapidly in recent years. And demographic needs have changed. Today, governments are relying on a large number of young workers to support high economic growth.
at the same time China’s population is aging rapidly. which is detrimental to economic growth The 2020 census data shows that the proportion of the population over 65 has increased dramatically over the past decade, from 8.87% in 2010 to 13.5% in 2020.
The Chinese government has also discussed raising the retirement age in an effort to deal with aging workers. Men currently retire at age 60, while women can stop working at 55 for white-collar workers.