The Real Reason for China's Two-Child Policy: Millions of New Consumers

Two fictitious Chinese brothers are born in Tuanjiehu Maternity Hospital in the Chinese capital of Beijing. Let’s say the first was born already, in late 2015; his parents nickname him Laoda, meaning “oldest child.” That’s because they have hopes for a second, who it turns out will be born in 2017; his parents will nickname him Lao’er, meaning “second child.” That Lao’er will

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