China offers parents $1,500 in bid to boost births
Parents in China are offered 3,600 yuan (£ $ 500) per year for each of their children under three years of age in the first country -wide subsidy, which aims to increase the birth rates of the government.
Since the ruling communist party has eliminated the controversial single -child policy almost ten years ago, the country’s birth rate has been decreasing.
According to the state media, working papers will help approximately 20 million families with the cost of raising children.
Some provinces across China paid some kind of fee to encourage people to have more children, as the world’s second largest economy is an upcoming demographic crisis.
Schema, Announced on MondayIt will offer parents a total of 10,800 yuan per child.
Beijing state publisher CCTV said that the policy will be applied backwards from the beginning of this year.
Families with children born between 2022 and 2024 can also apply for partial subsidies.
The movement follows the efforts of local governments to increase the birth rates of China.
In March, Hohhot, a city in the northern part of China, began to offer residents up to 100,000 Yuan per baby for couples with at least three children.
Shenyang, a city in northeast of Beijing, offers 500 Yuan per month to local families with a third child.
Last week, Beijing also called on local governments to prepare plans to implement free preschool education.
According to a study by the Chinese -based YUWA Population Research Institute, the country is one of the most expensive places in the world to have relatively children.
In the study, an average of raising a child in China until the age of 17 was $ 75,700.
In January, official figures showed that the Chinese population fell for a third year in 2024 in a row.
According to the National Statistics Bureau, China, 9,54 million babies born in 2024 recorded.
This increased slightly compared to the previous year, but the general population of the country continued to shrink.
Country The 1.4 billion population is also getting older and added to Beijing’s demographic concerns.
