China Loosens Household Regulations To Boost Economy

You can live where you want...well, not quite


With an aging population expected to slash economic growth in the coming decades, China approved several key reforms, including a loosening of the restrictive "hukou" household registration system as well as the "one-child" policy, according to documents leaked Friday.

The Communist leadership's policy package stems from a major meeting concluded on Tuesday. President Xi Jinping had raised expectations for the four-day Third Plenum with talk of "deepening" reforms for the world's No. 2 economy.