Parents in China are offered 3600 yuan (375 pounds, $ 500) annually for each child under the age of three, in the first government support in the country aimed at enhancing birth rates.
The birth rate in the country has been witnessing a continuous decrease even since the ruling Communist Party has canceled the controversial policy of the one -child before a decade before a decade.
These subsidies will help about 20 million families to bear the costs of raising children, according to the official media.
Several provinces across China have tried a kind of payments to encourage people to have more children, in light of facing the second largest economy in the world, an imminent demographic crisis.
The program, announced yesterday (Monday), will be provided to the parents up to 10800 yuan ($ 1500) per child.
This step comes in the wake of the efforts of local governments to enhance birth rates in China. The Chinese Radio and Television (CCTV) reported that this policy will be applied retroactively from the beginning of this year. Families with children born between 2022 and 2024 can also apply for partial benefits.
In March, the city of Hhehehout, in northern China, began to provide up to 100,000 yuan for every child with at least three children.
The city of Comeang, northeast of Beijing, offers 500 yuan per month for local families with a third child under the age of three.
Last week, Beijing also urged local governments to develop plans to implement free education for pre -school.
China is among the most expensive countries in the world in terms of the cost of having children, relatively, according to a study conducted by the Yuau Research Institute in China, as the study found that the average cost of raising a child until the age of seventeen in China is 75,700 USD.
In January, official figures showed that the population of China decreased for the third year in a row in 2024. China also recorded 9.54 million new births in 2024, according to the National Statistical Office. This is a slight increase from the previous year, but the total population of the country continued to shrink. The country’s population of 1.4 billion is rapidly aging, which increases demographic concerns in Beijing.
