China is offering parents $500 annually for each new child they have for 3 years in an effort to boost declining birth rate

On Monday, the country of the country introduced a new support program, which will provide parents 3,600 yuan (about 500 dollars) annually for each child until it reaches the age of 3.

China’s population decreased for the third year in a row in 2024. It is indicated that the costs of child care, economic concerns, and job uncertainty are high. It is a great matter about the nation, which was adopted from 1980 to 2015, the policy of one child. (I started allowing families to have two children in 2016 and three children in 2021.)

The central government in China will pay the support of $ 500, although some experts are wondering whether this amount will be sufficient to encourage husbands to start families.

Some of the provinces escalate the bet. For example, Hohot is offered in the inner Mongolia, up to 100,000 yuan (less than 14,000 dollars) for each child for families with three or more children. This is a 2000 % increase from what I started to provide in 2023. This support will be paid at a rate of 10,000 yuan annually until he reaches the tenth child.

The population of China grows, wealthy, and better. Two decades ago, the average age of China was 32; Now, just 40 years have passed. This raises the interest of officials in the country’s population, which nourishes its industrial industries. This industry is already subjected to pressure from the trade war with the United States, which is threatened by the Donald Trump definition threats.

Today, children will not fix this immediately, but it will protect China’s interests in the coming years. (Children who are over 6 years old are already shown on Amnesty International Lessons in the country.) NBC News The most effective strategy is to invest in infrastructure, such as child care at affordable prices, parents ’vacation and job protection for women.