China is planning on scrapping all restrictions on the number of children a family can have, according to reports.
Bloomberg says the government, led by President Xi Jinping, want to address the country’s aging population and international criticism of the policy.
Two years ago China began to relax it’s notorious one child policy that meant families could only have a single offspring, though couples still had to apply for permits.
Put in place 40 years ago, it has resulted in a huge imbalance between men and women, with 30 million more of the former than the latter.
China’s cabinet has commissioned research into fully ending the policy, according to an unnamed source who has spoken to the news site.
US Treasury Secretary Steven Mnuchin declared a break in financial hostilitiesfollowing an agreement to drop
their tariff threats that had roiled global markets this year.
Mnuchin and Trump’s top economic adviser, Larry Kudlow, said the agreement reached by Chinese and
American negotiators on Saturday set up a framework for addressing trade imbalances in the future.
Barbier de la Serre cautioned, however, that given the lack of details available about the agreement between the US and China, it was too early to call it a definitive turning point.