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Monday, December 28, 2015, 11:50

Top 10 policy changes in China in 2015

By chinadaily.com.cn

Various new policies have been introduced in China in the past year. From the two-child policy to a unified pension system, from household permits for all to the delayed retirement age, all these policies will make a difference to the nation. Here we selected ten policy changes that we think will most impact our lives. Take a look.

Two children for all couples

China will allow all couples to have two children, abandoning its decades-long one-child policy, the Communist Party of China announced in late October. The change is intended to balance population development and address the challenge of an ageing population.

Under the new policy, couples who have two children can enjoy longer maternity leave and they could have more than two children if eligible. Current longer marriage and maternity leaves enjoyed by citizens who marry late and delay having children will be removed, and so will the rewards for couples who volunteer to have only one child.

The two-child policy will come into force on Jan 1.

Top 10 policy changes in China in 2015
A boy with his younger brother. (Photo provided by Zhai Xiaoyan to chinadaily.com.cn)

Raising the retirement age

The 13th Five-Year Plan (2016-20) proposes progressively raising the retirement age to help address the country's pension pressure and labor shortage.

On Nov 20, the Ministry of Human Resource and Social Security said raising the retirement age will be done progressively in small steps. The authority will raise the retirement age by several months every year, and the policy adjustment will be made public in advance. The Ministry of Human Resources and Social Security is drawing up the policy and will solicit public opinions on the completed draft.

In 2017, China should complete the integration of its two pension systems. From 2018, the retirement age for women should be raised one year every three years, and the retirement age for men should be raised one year every six years. This means in 2045, the retirement age for both men and women will be 65.

Top 10 policy changes in China in 2015
An elderly man sits in a warm afternoon in Shanghai, Feb 2, 2015. (Photo/IC)

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