China offers parents $ 1500 for increasing childbirth

Parents in China are offered 3,600 yuan (375 pounds; $ 500) per year for each of their children under the age of three in the first national subsidy of the government aimed at raising birth levels.

The course of birth of the country falls, even after the ruling Communist Party canceled its controversial policy of one child almost ten years ago.

According to state media, the materials will help about 20 million families with the cost of raising children.

Several provinces in China have been pylotted to encourage people to have more children, as the second largest economy in the world faces the upcoming demographic crisis.

The scheme, which was announced on MondayIt offers parents up to 10,800 yuan per child.

The policy will be used in the back number from the beginning of this year, the state television company said in Beijing.

Families with children born between 2022 and 2024. They can also apply for partial subsidies.

This step stems from the efforts of local authorities to raise birth levels in China.

In March, Hohhot – a city in the northern region of China – began to offer residents up to 100,000 yuan per child for a couple of at least three children.

Shenyan, the city northeast of Beijing, offers local families 500 yuan with a third child up to three years old.

Last week, Beijing also called on local authorities to develop plans for free preschool education.

The country is one of the most expensive places in the world for children, in a relative plan, according to a study of the Yuwa Population Institute based in China.

Growing a baby under 17 years old in China costs an average of $ 75,700, showed in the study.

In January, official data showed that China’s population fell in the third consecutive year in 2024.

China has recorded 9.54 million babies born in 2024, the National Bureau of Statistics reports.

This meant a slight increase compared to a year earlier, but the country’s total population continued to decline.

In the country 1.4 billion population too Aging fastBy adding Beijing’s demographic problems.