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China announced that it would allow all families to have three children, ending a two-child policy that failed to boost declining birthrates.

Monday, May 31, 2021 4:18 AM EST

China's ruling Communist Party said that it would allow all couples to have three children, ending a two-child policy that has failed to boost the country's declining birthrates or address an impending demographic crisis.

The move reflected concerns that the rapidly rising number of older people in China could exacerbate a shortage of workers and strain the economy in the near future.

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