Analysis of the Advantages and Disadvantages of the Three-child Policy and Its Impact Forecast

Abstract

In response to the aging population, China has proposed a new family planning policy, the "three-child policy." On May 31, 2021, the Decision on Optimizing the Fertility Policy to Promote Long-term Balanced Population Development pointed out that China's fertility policy should be further optimized, which included that a couple can have three children. On July 20th, 2021, the Decision of the Central Committee of the Communist Party of China and the State Council on Optimizing the Fertility Policy to Promote Long-term Balanced Population Development was announced. On July 21, the "Notice of the Office of the National Medical and Social Security Bureau on Doing a Good Job in Supporting the three-Child Policy and Maternity Insurance was announced. On August 20, 2021, the Standing Committee of the National People's Congress passed a decision on the revision of the Population and Family Planning Law. The revised law advocates marriage of the right age, good prenatal and postnatal care, and that a couple can have three children. However, it is a great challenge to women, so whether this policy can be effectively improved and implemented will depend on the current social and political development situation. This paper will analyze the "three-child policy" from both advantages and disadvantages to predict its impact. This is beneficial because it can reduce the aging of the population and promote social and economic development. The disadvantages are the harm to women, physical influence, psychological pressure and social tolerance towards women, and whether the company will reject female employees.