Beijing appears ready to toss over the limit on the number of children Chinese couples can have, a state-run publication cited a new draft civil code on Monday.
According to The Hindu Times, China's parliament appears to have finally struck the controversial family planning policies as indicated in the latest draft of civil code which is reportedly slated to be adopted in 2020. This is a clear manifestation that the Xi Jinping administration is keen on moving to end the policy which previously restricts families on the number of children to raise.
As further cited in the publication site, the new aforementioned draft code would undergo a vote at the National People's Congress in the next two years.
After the law goes into effect, the decades-old birthing regulation won't no longer be observed, since the civil code holds a much larger influence in governing the private lives of Chinese citizens.
According to Bloomberg, there were already signs of a growing market that looks to benefit from the scrapping of the population control policy. Qibu Co., for example, is a baby-apparel manufacturer whose shares climbed at 2.3 percent this week in Shanghai following the release of the new draft family code. Cre8 Direct Ningbo Co. - a company that produces children's stationary, sees an increase of shares by 0.8 percent in Shenzhen.
China's Communist Party enforced in 1979 the one-child policy which seeks to delimit families to three members only, including the mother, father, and child. This was in line with the government's effort to slow down the rapidly expanding population in the country at that time.
In a previous report from this site, it is said that the administration has raised the cap to two children per family in 2016. In an annual commemorative stamp released that year, a family of monkeys was shown having two infants.
This year, Beijing rolled out yet another set of commemorative stamps, but this time, it is in preparation for 2019's Year of the Pig. The stamps showcase a mother, a father, and their three little piglets.
China's decision to lift the population limit coincides with the administration's goal for the country to have millions of newborn babies before 2021. As pointed out by reports, this would be the answer for China's growing need of laborers which it aimed to be filled in by 2050.
In 2017, China has already seen around a 10 percent increase in the number of babies born. With the removal of the limit, the rate would then be expected to balloon in the next two years.
