The Two-Child Policy and China's Economic Outlook: An Assessment of Policy Impacts

During the shift from 2015 to 2016, the Chinese government discuss and officially revise the family planning policy in to its second phase, that is, the two-child policy. This revise signifies the former one-child phase had been realised to be no longer applicable to Chinas national situation. The two-child policy was aimed to solve the subsistent low birth rate problem, but it didnt reach its goal. This paper will discuss the reason why the policy didnt work as expected and its specific influences to Chinese economy; raise several solutions the government should take to reach the goal of lifting birth rate. With Analysis the relaxation of this policy, this paper will lead people to introspect an incorrect decision and to learn a lesson from this accident. This paper analyses whether the second phase of this policy can mitigate the consequences it once caused, in addition, how did this fact effect Chinese economy.