Fitch: Third Child Policy Won't Sustain Population Growth in China

Fitch Rating Agency said today, Monday, that the third child policy in China won't be sufficient to sustain the slow growth of population in the country.

According to "Reuters", the news agency, the experts of Fitch don't expect that the new population policy may help strengthen the birth rate in China significantly.

Also, earlier this month Moody's Investor Services pointed out that the new population policy introduced by the Chinese authorities to permit couples to father up to three children won't lead to sustaining fertility in China at all.

So this policy shorts fall at the increasing population over the near future.

It is worth noting that the Chinese government announced at the end of May allowing all couples to sire three children after the census showed a severe decline in the population.

The government issued a statement that said the decision to allow the third child came in frame of a comprehensive policy that aims to cope with the challenges of rising rates of senility among the population in the last few decades.

The statement indicated that there is a need to take major steps to handle the spike in senility and collapsing fertility.

The Chinese government affirmed that the new population policy will be accompanied by supporting measurements to ameliorate the composure of the population in China.

In 2016, China relinquished the policy of one child for every family in society and replaced that controversial policy with a new one that allows families to sire two children instead of one to restore societal vitality and make shortage in the workforce in the country.

China started applying the policy of children in 1979 to reduce the rocketing increase in population and achieve economic development.

According to data from the National Statistics Authority, China's population hit 1,42 billion people with a rate of 5,38 %.

Census is conducted every ten years in China.