Businesses are hoping the new two-child policy will help boost growth.
China's new Five-Year Plan (2016-20) calls for deepening reform and opening-up as well as proactively shouldering international obligations and duties, President Xi Jinping said on Tuesday.
Children brands, auto industry and property sector are all looking to cash in on the expected population increase.
Measures such as encouraging women and seniors to work are needed to boost the birthrate, according to the International Monetary Fund.
China won't give up its aim of growing economy at a medium-high level to achieve goal of "moderate prosperity", says President Xi Jingping.
President Xi Jinping said China is able to achieve the 2020 poverty relief target, according to a document issued Tuesday by the Communist Party of China (CPC).
China's plan to allow all couples to have two children will balance the population and support development, President Xi Jinping said in a statement released Tuesday.
China has outlined its financial system reforms for the next five years vowing to establish a transparent and healthy capital market, according to a document issued by the Communist Party of China (CPC) Tuesday.
China will continue to support the inclusion of the RMB in the IMF Special Drawing Right (SDR) basket and push ahead with capital account liberalization and the internationalization of RMB, according to a proposal unveiled Tuesday.
China will continue to open up its economy to attract foreign investment and will encourage domestic firms to invest overseas.
Ridding the rural population of poverty is the most arduous task for China's ambition to build a moderately prosperous society, the document says.
An official in Hunan province who found himself in controversy after claiming parents expecting second child will not be punished retracts his statement.
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