China today announced an end to its controversial "One Child" policy, the law for 35 years that punished most couples who gave birth to more than one child. Now two is the new one: all couples will be allowed to have two children. The stated purpose of the move is "to balance population development and address the challenge of an ageing population
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I'd rather say that China has experienced an even more extreme version of the transition that most industrialised countries go through.
Take a look at the demographics pyramids of Wikipedias Demographics in China page, and keep track of both the fertile population (ie age 20-35) and of the kids.
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