In News
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.
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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