China’s surprise decision to allow all couples to have a third child may be too little too late to reverse the nation’s declining birthrate and shrinking workforce.
Economists and demographers say authorities will need a range of supportive policies on child care and measures to curb high education and housing costs to make it viable for couples to expand their families.
China has been gradually reforming its stringent birth policy, which for decades limited most families to having only a single child.
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