One-child policy impacts in China’s Economic Growth
China has the highest number of World’s population. But, a married couple can have only one child. This policy was enforced in early 1980 called “One child policy”. For this, many TV channels visualized certain lines such as – “One hope, one joy, one responsibility”, Glowing parents doting over one precious child”. But now in recent, the message of “Two is better than one” started to appear.
When the one-child policy was implemented in order to control the population, the government used several strategies to control the births. It introduced abortions, heavy fines and forced the couples to go for sterilization.
But, many of the Chinese citizens born after 1980 started their life journey alone. Though they have a dream to have a sibling to share themselves, the government didn’t allow their parents to have another child.
But, according to the economists, just in 15 years there will be more than 400 million elderly populations over the age of 60. It’s clearly visible that when the population growth occurs in a low pace, the workforce also starts to shrink. And in 15 years time, the number of service providers will be half of the Elderly population.
In 2014, the government said, it would allow the Chinese to have 2 children, but only if the father or mother was an only child of his/ her family. Though the government didn’t implement this policy, a large number of people had applied to have a second child. This clearly shows us about the Chinese expectation for a second baby.