June 01, 2021
Six years after China relaxed its one-child policy in place since 1978, Beijing announced this week that it will now allow parents to have three children. The ruling Communist Party, which half a century ago was worried about overpopulation, is now desperate for Chinese couples to have more babies to bolster the country's sluggish population growth rate, which has plummeted in recent years due to the rising cost of living. For Beijing, this is a very big deal, as a declining and aging population could make it very hard for the country to maintain the strong economic growth needed to rival other economic powerhouses, like India or the US. We take a look at China's population growth, fertility rate, and GDP per capita over the past 70 years.
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