China’s Two-Child Policy

Please have a second baby. That’s China message for couples after decades of limiting families to just one child. Why the turnabout? China  is aging. By 2040, projections show that 24 percent of the population will be 65 or older, a slightly higher rate than in the U.S. and more than twice India’s share. This threatens an economic boom that’s been built on a vast labor supply. And there may not be enough able-bodied people to take care of all those seniors. So in 2016, China changed its rules to