China will allow all couples to have three children and beef up support policies in a bid to cope with increasingly aging society, according to a key Party meeting on Monday.

The meeting of the Political Bureau of the Communist Party of China Central Committee also highlighted the need to increase the mandatory age for retirement and work proactively toward the unified national management of basic old-age insurance funds to carry out a national strategy of responding proactively to the aging society.

Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting.