The document said China would significantly ease its one-child policy, allowing couples to have two children if one of the parents is an only child. Currently, Chinese couples are restricted to one child except under some circumstances, such as rural dwellers, pilot programs in a number of areas and among ethnic minorities.
Enacted in 1980, the policy has been lauded by officials for taming a surging population from a years-earlier baby boom. But economists say it risks eroding China's competitive advantage, draining its labor pool of future workers as the population ages and puts a greater strain on China's emerging social safety net.
The exceptions keep increasing; how long until China scraps the 1-child policy in its entirety?
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”