Three child policy is aimed to avoid a sharp drop in birth rates.

On Friday, China’s national legislature formally endorsed the three-child policy proposed by the ruling Communist Party in a practical approach. The aim is to change to avoid a sharp drop in birth rates in the world’s most populous country.

The revised Population and Family Planning Law, which allows Chinese couples to have three children, was approved by the Standing Committee of the National People’s Congress (APN).

In an apparent attempt to address Chinese couples’ reluctance to have more children due to rising costs, the amended law has also approved more social and economic support measures to address the concerns.

The new law stipulates that the country will take supportive measures, including finances, taxes, insurance, education, housing, and employment. It will reduce the burdens on families and the cost of raising and educating children. Children, China Daily reported.

The APN has revised the law to implement the decision of the central leadership to cope with the new circumstances in economic and social development. It will promote balanced long-term population growth, according to the report.

In May this year, the ruling Communist Party of China (CCP) approved a relaxation of its strict two-child policy to allow all couples to have up to three children.

China allowed all couples to have two children in 2016, scrapping the draconian one-child policy that is decades old, which policymakers blame for the demographic crisis in the country.

Chinese officials claim that the one-child policy implemented for more than three decades has prevented more than 400 million births.

The decision to allow the third child after this month’s annual census showed China’s population growing at the slowest pace to 1.412 million amid official projections that the decline could begin next year.

The new census figures revealed that China’s demographic crisis was expected to deepen as the population of people over 60 grew to 264 million, up 18.7% last year.

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