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On Two- Baby Policy The announcement is long overdue. The decision, aimed at balancing population development and solving the aging population problem, is the greatest change in Chinas family planning policy in three and half decades. benefits The new two-baby allowance will have just a modest near-term impact on the nation’s demographics, as it could bring social and political benefits. to counter the aging of the population, IT is beneficial for a nation with a rapidly aging population and shrinking workforce benefits The policy ends the compulsory one-child policy for most couples