35 years after China placed strict limitation on its population growth by adopting the so-called one-child policy (initiated in the late 1970s), China has finally abandoned one-child policy and substituted it with a two-child policy which allows the married couples in China to have up to 2 children starting from Jan 1st, 2016. According to the government statistics, the implementation of the stringent birth control policy has effectively prevented over 400 million births (allgirlsallowed.org 2016). The falling of fertility rates has contributed greatly to the economic miracle in China during the past two decades. Why China abandons its one-child policy now?
In August 2015, the People’s Bank of China announced a surprising decision to depreciate the Chinese Yuan by 2% against the U.S. dollar. The central bank said in a statement that “The reform of Chinese Yuan exchange rate formation mechanism will continued to be pushed forward with a market orientation, the market powers will play a bigger role in exchange rate determination to assist the balancing of international payments” (cnn.com 2015).
Last year, Chinese President Xi Jinping addressed at the opening ceremony of the Johannesburg Summit of the Forum on China-Africa Cooperation (FOCAC) and announced that China will roll out 10 key programs with its African counterparts to strengthen tie with Africa in the later 3 years. One key program is that China-Africa peace and security program, China will denote 60 million U.S. dollars to the African Union to build and train its army, both its regular army and crisis response, as well as assisting UN peacekeeping in the continent.
Ministry of Finance, Development and Reform Commission, Ministry of Industry and Information Technology jointly issued an announcement ordering that from 1 June 2013 onwards, consumers buying air conditioning, flat-screen TVs, refrigerators, washing machines, water heaters, energy-efficient appliances will no longer enjoy the central financial subsidy.
According to “Toll-free policy in major holidays” approved by the State Council on July 24, 2012. Mainland of China’s highways will be toll-free for passenger cars from 0:00 to 24:00 during the following public holidays:
Chinese President Xi Jinping