China NPC: Three children's policy Formally passed on the law Published11 hours agosharecloseshare pagecopy Linkabout Sharingimage Sourcegetty Images

China has formally reviewed its laws to Allow couples who have up to three children, to increase the birth rate.

Regulation was one of several happened on Friday at a meeting of the main legislators of the country, Popular National (APN).

Details on an anti controversy is also expected that the Law Sanctions for Hong Kong, which many companies feared would put them in a difficult position.

but Hong Kong's media reported on Friday that the decision had delayed.

What is the three children's policy?

China had announced in May that would Allow couples to have up to three children, in an important policy change.

This decision has been formally approved in the Law, along with several resolutions aimed at promoting the birth rate and 'reduction of load' to raise a Child, said the Xinhua news agency.

These include the cancellation of the "Social Maintenance Fee" - an economic sanction paid to have children beyond the limit, encouraging local governments to offer parental leave, increased labor rights of women; and the improvement of children's care infrastructure.

Recent census data had shown a strong decline in birth.

In 2016, the country had discarded its one-child decades of age, to replace it with a limit of two children, but this did not lead to a sustained Recrendation of births.

The cost of raising children in cities has dissuaded many Chinese couples.

What's wrong with the Anti-sanctions law?

this last week, banks and global financial institutions had been observing the APN compliance closely to detect signs of how and when it would affect the controversial anti- Hong Kong sanctions.

China had already approved the law in June, and is expected on Friday to put it in Hong Kong and Macao Mini-Constitutions, explaining the way it would apply . FRIDAY REPORTS Embroidered a legislator as saying this was delayed.

According to the law, companies in China are not authorized to apply foreign sanctions on Chinese people or entities. In addition to that, Beijing help is asked to carry out the retaliation measures, and can be punished if they refuse.

it was presented after the US government imposed several rounds of sanctions on Chinese officials - including the leader of Hong Kong Carrie Lam - for repression Beijing in protests in favor of democracy. In response, China imposed its own sanctions on US officials.

Experts say that under the Law, banks and companies in Hong Kong could face legal risk for the following United States sanctions.

Hong Kong is a center of many global financial institutions and the state of the city is an important source of profits for companies such as HSBC and Standard Chartered

"Attraction of Hong Kong For many companies, especially international, was their relative isolation of rivalry within the Party and Competition Important Power. As a law would take away one of those important legs, "said Ian Chon

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