XPEV - China eases birth policy further allows families to have three children

Married couples in China are now allowed to have up to three children, according to the Communist Party's Politburo, as the nation looks to mitigate risks to its long-term economic prospects. The policy change will come with "supportive measures, which will be conducive to improving our country's population structure, fulfilling the country's strategy of actively coping with an ageing population and maintaining the advantage, endowment of human resources", per the state-run Xinhua News Agency. The government is also set to gradually raise the national retirement age, but did not provide further details.Bigger picture: Data published several weeks ago showed China's population growth expanding at its slowest pace since the 1950s, with the numbers on mainland China increasing 5.38% to 1.41B. The working age population - people aged 15 to 59 - was on the decline as well, after hitting a 2011 peak of 925M, while the fertility rate was only

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China eases birth policy further, allows families to have three children