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These Charts Explain Why China Scrapped Its One-Child Policy

Declining birth rate threatened economic growth

China to Allow Two Children for All Couples: Xinhua

China is finally facing up to its demographic time-bomb, announcing Thursday that it will scrap the one-child policy first instituted in the late 1970s and allow all couples to have two kids.

Originally envisioned as a way to prevent the nation's population from outstripping resources, the policy instead became something that threatened the nation's growth in the coming decades, and leaders partially loosened the rule in 2013.