Beijing’s state media said on Monday that the Chinese government would offer a subsidy of parents of 3,600 yuan ($ 500, € 429) by a child under three years of age.
China’s population has declined over three consecutive years, the second most populous nation in the world after India – is facing an emerging demographic crisis.
Number of births in 2024–9.54 million-Half in 2016, the year that ended its one-child policy, which was more than three decades.
The wedding rate in China has reduced the record. Young couples produced children due to the high cost of increasing the concerns of children and career.
Province pushes to increase birth rate
According to official data, more than 20 provincial level administration in China now offers childcare subsidies.
In March, Hohot, the capital of Inner Mongolia in Northern China, started paying families to families to have more children. Couples with three or more children can get up to 100,000 yuan for each new child.
In Sheenyang, when proven in Northeast Lioning, local officials give families who have a third child, 500 yuan per month, the child becomes three.
To create a “breeding-friendly society”, China’s southwest Sichuan province is proposing a holiday for 5 to 25 days, and the current 60-day maternity leave is more than doubled than doubled from maternity leave.
A positive step, but limited effects
Analysts stated that subsidy is a positive step, but warned that they would not be sufficient on their own to decline in China’s population or bear their dull domestic expenses.
Jheewei Zhang, president and chief economist of Pinpoint Asset Management, told Reuters that the new subsidy showed that the “serious challenge” was recognized that the economy had less fertility.
Chinese economist Zichun Huang at Capital Economics said that the policy marked a “major milestone” in the context of direct handouts in homes and could formulate the basis for more fiscal transfer in the future.
But he said that the amount was very small for “the influence of the nearest period on birth rate or consumption”.
Wang Zu, the mother of Beijing’s nine -year -old son, said, “For young couples who were married and already have a child, it can actually encourage them to consider being another child.”
But he said that new measures would not be enough to convince him for another child.
The 36 -year -old told AFP, “One child is manageable, but if I had two, I could feel a little (financial) pressure,” the 36 -year -old told AFP.
Edited by: Alex Berry
