China is engaged in weak consumption with childcare subsidies

Beijing – among the top five priorities China is set out to increase consumption – these are subsidies for child care.

This effort is to decide the rapid drop in the country’s childbirth, releasing cash for discrete costs.

As in many Chinese politicians, Plan released on Sunday Only teaches the framework: “To strengthen the support of childbirth and upbringing. Research and creation of a system for subsidizing child care.” This is in accordance with the translation of the Chinese CNBC.

However, Beijing moves relatively fast.

The National Health Commission is already an operational plan for childcare subsidies, Li Chunlin, Deputy Director of Economic Planning, National Development and Reform Commission told reporters on Monday.

A national level of $ 100 billion ($ 13.84 billion) for childcare subsidies may come soon, said Jiangan Shan, Chinese E -Commerce Chinese E -Commerce JD.com, translated by CNBC.

This is based on its estimation of about 9 million births this year and about 800 yuan’s monthly materials, regardless of income, said Shen. He noted that half of the cash could come as vouchers for baby products to prevent money.

China recorded Last year 9.54 million. “As many locals considered 2024 a favorable year for birth based on the Year of the Chinese Zodiac. However, the World Bank data showed that the birth rate defined as a woman, was 1.2 in China in 2022down from 1.8 in 2012.

“The key is to increase financial resources,” Shen said, noting that in the context 300 billion yuan for subsidies on trade100 billion yuan for childcare is not too much to ask. This year it predicts about 3.5% to 4.5% of retail.

According to official data, retail sales in China have increased by a modest 3.5%. January to February, which covers the annual moon’s holiday, saw modestly 4% per year per yearThe Statistics Bureau said on Monday.

In the view of what is already running out, last week the Hochhot’s internal Mongolian capital announced subsidies up to 100,000 yuan For children of registered locals who live and work in the city.

The couple can enjoy a single subsidy of 10,000 yuan after the birth of their first child. Their second child is entitled to 10,000 yuan to the annual subsidies up to the age of five. If the couple is the third child, the city will provide 10,000 yuan each year until the child is 10 years old.

Shenzhen’s Technical Center this month said it is so Given a smaller large -scale subsidy. State media noted that Data of the National Health Commission as of October Several local authorities have shown in more than 20 provinces, which have already offered a subsidy for children.

“If a Hohhot’s childcare subsidy can be distributed throughout the country, it can make another 0.2% retail sales in the initial year,” Citi Analystes said. They said the subsidy could be the most significant for low -income families, and “can become more significant if the Central Government enters to share the burden.”

“It remains to know if it will be effective for increasing birth rates in the long run,” Citi analysts said, noting that the total cost of raising a child in China is Reportedly about 538,000 yuanNot to mention the possibilities of the cost for working mothers.

A one -time income of the villagers per capita was 23,119 yuan in 2024, Although Urban residents were more than twice higher than 54 188 yuan, according to official data.

Short -term childcare subsidies can still greatly alleviate the financial pressure on Chinese households.

When the resident of Beijing Song Jingli, who is now 41, gave birth to a daughter almost 10 years ago, there was no childcare support. Song said she made 8,000 yuan a month at the time, and daytime assistance cost 4000 yuan.

“We didn’t have the choice,” she said. My husband “I needed to go to work, I needed to go to work, and my son -in -law could not take care of her.”

As long as her daughter was in a kindergarten, the song said, she was able to take advantage of a new policy, which halved the cost of about 2000 yuan. A new childcare policy is “right to business,” she said. “The only sorry (there is) that it is too late for us born in the 1980s. Hopefully young generations can take advantage of this policy.”