China says it will abandon its more than 30-year-old one-child policy and allow couples to have two children, Chinese news agency Xinhua reported on Thursday. The news come at the end of a four-day Communist Party gathering in Beijing, where party leaders discussed measures to ensure growth. China eased its one-child policy in 2014 in a bid to tackle serious gender imbalances and rapid aging of the population. Under the revised policy from 2014, couples were allowed to have a second child if either was an only child, but the expected baby boom failed to appear.
Copyright © 2015 MarketWatch, Inc.
Continue Reading Below