China's economy needs workers but a three-child policy may not fix the problem
CNN
China's decision to allow people to have more children is a dramatic attempt to head off a worsening labor shortage that could weigh on the country's economic rise.
The change in policy to allow couples to have three kids rather than two — announced Monday — is intended to improve China's "demographic structure," deal with an aging population and maintain "abundant human resources" for the world's second biggest economy, according to state-run Xinhua news agency. The move is a huge shift for China, which only relaxed its long-standing one-child policy six years ago.
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