China released a raft of detailed reform plans on Friday, promising sweeping changes to the economy and the country’s social fabric as it seeks to unleash new sources of growth after three decades of breakneck expansion show signs of faltering.

With the aging problem and economy problem in society, China relax one-child policy .

This decision was approved by the leaders’ meeting. And this policy seems to be a sizeable step in the right direction.

The aims of the reform:

-aid Chinese economy and help re-balance the global economy

-help fuel the stock market’s strongest rally in only two months

-help to shift the main growth drivers away from investment

In order to achieve these, Beijing wants to encourage millions of rural Chinese to move to live in urban areas.

source:http://www.bnn.ca/News/2013/11/15/China-announces-major-economic-and-social-reforms.aspx