China’s economic reforms

Investors were buying up stocks in China’s markets today. The Shanghai composite and Hong Kong’s Hang Seng both rose almost three percent, following the announcement by Chinese leaders of massive social and economic reforms, including opening up its markets to more investors, encouraging competition among private companies and allowing more foreign investment into the country.

Another reform, the easing up on China’s one-child per couple policy, which officials now say has caused an accelerated aging of China’s population.

Eunice Yoon reports on how that’s created an unexpected boom in investing in the older generation.

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