The one-child policy had limited impact on growth
While the Chinese experiment looks appealing from a social planner's perspective, its follies are now becoming apparent
After four decades of population control, the concerns of an ageing population have caught up with the Chinese. This week, there have been reports suggesting that it will likely phase out population controls in 2019. The change is unlikely to reverse the rising age-dependency among the Chinese, whose working-age population peaked in 2014. But the Chinese experience holds valuable lessons for other developing countries that are experiencing declining fertility due to economic growth.