In major shift, China raises per-couple children limit to 3 from 2

In a dramatic shift, China has raised the number of children each couple can have to three from two. The move is major bid to reverse the country's falling birth rate and turn around an aging population in the world's most populous nation.

Chinese leaders have been concerned about the impact of both trends on the country's economic future. The change was given the green light during a politburo meeting overseen by President Xi Jinping, according to the official news agency Xinhua.