China announces three child policy
China approves three child policy and encourage the parents to have more than two children. The aim of the policy is to deter the decline in birth rates. The Committee of the National People's Congress (NPC) passed the updated Population and Family Planning Law which allows couples to have more than two children. This new law set forth that the country will take proper measures for financial issues, insurance, taxes, education, housing , employment, cost of raising to decrease the families’ burden.