The Chinese Communist Party (CCP) has changed its notorious one-child policy to allow for three children and said it will raise the retirement age to resolve the huge pension deficit and dramatic decline in births. But economists and experts say these methods can’t resolve the deficit, nor the issue of the country’s aging population. China has been an aging society since 2000, with the rise in average age accelerating significantly in the past 10 years. China’s working population is projected to decrease to 795 million in 2050—a 20 percent smaller working population than in 2010—provided China’s fertility rate doesn’t decline, according to Dong Keyong, human resource professor at Renmin University of China. In the 2010s, the CCP launched various versions of a two-child policy to rejuvenate the aging population, but the effect was limited. Now, authorities are hoping a three-child policy can resolve the issues. However, economists doubt whether the policy will …