A recent Reuters article discusses rumors floating around that China may finally end the One-Child Policy that has been implemented for over 30 years. The rumors apparently started when President Hu Jintao was quoted as saying “maintain a low birth rate,” alluding to a possible easing of child restrictions.
Economists have been arguing for years that the one-child policy has thwarted economic growth and been the source of social problems. They expect the policy has been the reason for high savings rates among individuals and forecast a sharp decline in the labor force beginning in 2025. The policy is also to blame for a drastically skewed gender ratio, a primary attributor to social instability.
Fortunately, however, there are plans to begin ‘pilot’ programs that would gradually ease the policy in several regions.