US EditionChina Launches $500 Per-Child Subsidy to Boost Fertility
CHINA, JUL 30 – China's new subsidy offers $500 annually per child under three to support 20 million families amid declining birth rates and an aging population, officials said.
- China on Monday rolled out a nationwide childcare subsidy program, offering 3,500 yuan annually per child under three, according to state media reports.
- Data show China’s population has declined for three consecutive years, with models projecting a fall to 800 million by 2100, according to United Nations demography models.
- Beijing said subsidies of $500 per child under age three are exempt from individual income tax and include pro rata payments, as reported in recent years.
- Amid the new incentives, parents in Beijing said more support was needed, while China economist Zichun Huang noted sums were too small for immediate impact.
- Future projections show China could lose 12500 million workers by 2050, raising concerns about its pension system amid rapid ageing.
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Gulf NewsChina says childcare subsidies to ‘add new impetus’ to economy
China said Wednesday that recently announced subsidies to support families with young children will provide a much-needed economic boost, as Beijing seeks to promote spending and avert a demographic crisis. Authorities in the world's second-largest economy on Monday declared the new nationwide policy, which offers parents the equivalent of around $500 per child under the
Coverage Details
Total News Sources112
Leaning Left9Leaning Right16Center23Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 19%
C 48%
R 33%
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