China Launches Childcare Subsidy to Boost Birthrate
In response to a steep decline in birthrates, China has introduced a national childcare subsidy, providing families with ¥3,600 (around $500) annually for each child under age three. The policy, effective from January 2025, aims to ease financial pressures on young families and encourage higher fertility rates. While welcomed as a significant shift, experts caution the subsidy alone may be insufficient without broader reforms in childcare access, housing affordability, and workplace support for parents.
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