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Business Standard
2 days ago
- Business
- Business Standard
China rolls out $500 child subsidies to boost birth rate: But is it enough
China has announced a nationwide annual childcare subsidy of 3,600 yuan (approximately ₹43,000 or $500) per child under the age of three, Chinese state-media Xinhua reported on Monday. This is a significant step towards the country's efforts in reversing the plunging birth rate and ageing population crisis. The initiative, retroactive from January 1, 2025, marks Beijing's most comprehensive pro-birth move yet — but will this amount, though welcome, be sufficient to reverse deep-rooted demographic trends? What's happening with China's population? China recorded its lowest-ever birth rate in 2023, with just 6.39 births per 1,000 people. Although 2024 saw a modest rebound of 520,000 additional births, analysts widely attribute this to a temporary post-Covid-19 recovery. Moreover, 2024 was the year of the Dragon according to Chinese zodiac signs. Children born during this year are believed to possess unique personality traits and are associated with good fortune, which could explain the rare uptick in birth rates. However, the overall population still shrank by two million, its steepest decline since 1961, officially ceding the title of most populous country to India. This is no small concern. By 2035, China is projected to have 400 million citizens over the age of 60—nearly one-third of its total population—raising red flags over future labour shortages, pension sustainability, and economic stagnation. China's one-child policy China's one-child policy, in place from 1980 to 2015, has also left a cultural imprint that will be difficult to erase. The country has been actively reversing the policy, allowing two children from 2016 and three from 2021. While these efforts are slowly being realised, they are not keeping up with the population decline. New subsidy to aid 20 million The new subsidy, which will not be taxed or counted against other welfare benefits, is expected to benefit over 20 million families annually, Xinhua reported. It follows years of local pilot schemes offering more generous incentives, such as Hohhot's 10,000-yuan annual grants per child and Shenyang's monthly payments of 500 yuan for third children. While these schemes have shown some encouraging signs— Tianmen city, for instance, recorded a 17 per cent spike in newborns in 2024 —experts warn against overstating the impact of cash handouts alone. Professor Mao Zhuoyan of Capital University of Economics and Business told Xinhua that while subsidies are helpful in easing day-to-day expenses like formula or diapers, they are not a 'cure-all' to the full cost of raising a child in China. Cost of parenthood in China According to a 2024 report by the YuWa Population Research Institute, the average cost of raising a child from birth to college graduation in China now stands at 680,000 yuan (about ₹82 lakh or $94,557). Even raising a child to the age of 17 costs over 538,000 yuan, placing China among the most expensive countries in the world to have children. Compare this with average annual urban salaries of 125,100 yuan in affluent provinces like Jiangsu and just 58,100 yuan in hospitality sectors—according to Statista, based on annual salaries drawn in 2023—and it becomes evident why many young Chinese are reluctant to start families. Parenthood crisis: What's really deterring China's youth? Beyond finances, broader cultural and societal shifts are at play. Many young people, especially women, cite career pressures, lack of childcare support, and unaffordable housing as key deterrents to parenthood, a report by Think Global Health showed. Delayed marriages, rising infertility, and a longstanding preference for smaller families have further complicated matters. How is the Chinese govt responding to population crisis? In response, Beijing has been introducing a plethora of reforms. Some of these are: Promoting flexible work hours and work-from-home options for parents Offering preferential housing for families with multiple children Expanding childcare and preschool infrastructure Providing IVF and fertility treatments under public health insurance Mandating epidural access in large hospitals by 2027 Is the subsidy too little, too late? While the subsidy signals serious intent, experts argue it's far from a silver bullet. Yang Yiyong from the Academy of Macroeconomic Research told Xinhua that China needs affordable education, accessible child and maternity care, workplace protections for mothers, and social support structures. And time is running out. Projections of the United Nations estimate China's population could shrink to 1.3 billion by 2050, and further to 633 million by 2100, losing over 750 million people this century. Are there lessons for India here? As India assumes the role of the world's most populous nation, Beijing's policy evolution holds crucial lessons. India, too, is seeing a fertility slowdown, and the economic and social costs of parenthood are rising rapidly in urban areas. Last month, a LinkedIn post by Bengaluru-based startup founder Meenal Goel went viral, where Goel estimated the cost of raising a child in India to be between ₹38-45 lakh. Other media reports suggest these costs can even go above ₹1 crore, depending on school fees, tuition, college, lifestyle, etc. China's experiment is a sign that reversing a demographic slide is complex and expensive. Moreover, while subsidies may be helpful, a much wider structural transformation is still needed. The bottom line China's 3,600-yuan subsidy is a notable step, but unless backed by deeper social reforms, it may not be enough to convince families that parenthood is affordable or desirable in the modern Chinese economy.
BBC News
2 days ago
- Business
- BBC News
China offers parents $500 a year in bid to boost births
Parents in China are being offered 3,600 yuan (£375; $500) a year for each of their children under the age of three in the government's first nationwide subsidy aimed at boosting birth country's birth rate has been falling even since the ruling Communist Party abolished its controversial one-child policy almost a decade handouts will help around 20 million families with the cost of raising children, according to state provinces across China have piloted some form of pay outs to encourage people to have more children as the world's second largest economy faces a looming demographic crisis. The scheme, which was announced on Monday, will offer parents a total of up to 10,800 yuan per policy will be applied retroactively from the start of this year, Beijing's state broadcaster CCTV with children born between 2022 and 2024 can also apply for partial move follows efforts by local governments to boost birth rates in the country of 1.4 billion March, Hohhot - a city in the northern region of China - started offering residents up to 100,000 yuan per baby for couples with at least three a child to the age of 17 in China costs an average of $75,700, according to a study by China-based YuWa Population Research country is among the world's most expensive places to have children, in relative terms, the study January, official figures showed that China's population fell for a third year in a row in country's shrinking population is also ageing fast, adding to Beijing's demographic concerns.
South China Morning Post
17-07-2025
- Health
- South China Morning Post
China's ‘green great wall' eases desertification but triggers hay fever misery: scientists
For Ma Bo, a resident of Hohhot, the capital of Inner Mongolia, late July marks the beginning of another round of suffering. He has suffered from hay fever – an allergic condition triggered by inhaling pollen – for many years. His symptoms have gradually worsened since 2018, progressing from sneezing and conjunctivitis to an allergic cough and, eventually, bronchial asthma. The artemisia plant, which is widely cultivated in northwestern China to contain wind and sand erosion , has been identified as the trigger for his symptoms. Its pollen is particularly active from late summer to mid-autumn. 01:28 Great wall of Taklamakan: China surrounds its largest desert with green belt Great wall of Taklamakan: China surrounds its largest desert with green belt This resilient plant contributes to the ' green great wall ' – the weapon across the arid northern region that China uses to fight desertification – but it is also suspected of causing an increasingly concerning endemic hay fever outbreak. Now, after years of research, a group of Chinese scientists have confirmed the plant's role in causing the disease at a molecular level and identified several allergenic substances in its pollen. For the first time, the team has identified five volatile components from a member of the artemisia plant family, confirming they could all trigger allergic reactions. These findings 'provide a basis' for preventing and treating allergic diseases in areas where the plants are grown, according to a report in the state-owned newspaper Science Daily on Monday. The study, which was conducted jointly by scientists from the school of pharmacy at Xian Jiaotong University and the Yulin Forestry Science Research Institute – both in northwestern China's Shaanxi province – was published in the Journal of Hazardous Materials at the end of May. Artemisia, which has more than 100 species, is easy to grow and has low cultivation costs. However, according to a 2023 report by the Health Times, a subsidiary of People's Daily, its pollen has become a common allergy cause in northern China.
