# In an op-ed, Professor Joseph Foudy explains why the end of China's one-child policy won't have much economic impact

1 Faculty News November 4, 2015 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/uat_027305.jpg?itok=Ipx0jiaQ)>

Excerpt from [CNBC](http://www.cnbc.com/2015/11/04/why-chinas-baby-policy-wont-spur-a-boom-commentary.html) -- "The one-child policy created several unintended consequences that have been distorting the Chinese economy. For example, China's limited social safety net meant that young Chinese face a lifetime of savings to care for themselves, their parents and their grandparents. And a Confucian preference for male offspring has led to a huge gender imbalance and a marriage market in which men and their families are in a financial savings arms race to attract a smaller potential pool of wives. As a consequence, China has one of the highest savings rates in the world, creating a massive over-investment headache."

[Read more](http://www.cnbc.com/2015/11/04/why-chinas-baby-policy-wont-spur-a-boom-commentary.html)

Additional coverage appeared on [Yahoo! Finance](https://au.finance.yahoo.com/news/why-chinas-baby-policy-wont-152542260.html).