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Too little, too late. They need a full removal of the policy in its entirety. 2 kids is still way below the replacement level, let alone rebalancing demographics. This will just slow down the slip into economic stagnation, not reverse it.

I read that as a result of this policy, there are 60 million more young men than women. And for cultural reasons, wealthy men in China can still get away with having 2 or more women on the go at once. Not to mention swinging-dick Westerners like myself coming in and using my passport to lure their best women (my girlfriend is mainland Chinese).

What's going to happen to society when you end up with tens of millions of men who never had a woman to "placate" them? Not to mention, who's going to look after or fund these lifelong single men into retirement?