China faces ageing population issue – allows upto 3 childs per married couple

China has on Monday announced that married couples may have up to three children which is one child increase from the existing limit of two.

Recently statistics of China showed a dramatic decline in births which is a major concern for the decision makers of the country forcing Beijing to further allow a couple to have three childrens.Earlier in 2016 China had surrendered its decades-old one-child policy replacing the same with a two-child limit.

Analysts claim that cost of living and particularly raising a child in Chinese cities are very high which is the major hurdle in new births and increase of the young population and that the majority of Chinese parents want government to pay additional cash compensations for the new child births.