The scheme is China's first nationwide subsidy of its kind as the government tries to tackle a looming demographic crisis.

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 rates.

The country’s birth rate has been falling, even after the ruling Communist Party abolished its controversial one-child policy almost a decade ago.

        • Peck@lemmy.worldEnglish
          1·
          2 days ago

          This article talks about cost “relative to its GDP per capita.” In the proposal they give flat sum of money. So we are comparing Apple to oranges. Not saying you’re wrong, but I still would like to know how much is daycare per month in China. I know in us I pay 2k per month. I doubt it’s the same there.

          • NatakuNox@lemmy.worldEnglish
            1·
            2 days ago

            Women generally see a reduction of 2,106 working hours when looking after children aged 0-4 and face an estimated wage loss of 63,000 yuan ($8,700) in the period, the report said, using an hourly wage gauge of 30 yuan per hour. Having a child will also lead to a 12-17% drop in women’s wages, the report said.Leisure time will be reduced by 12.6 hours for mothers with one child aged 0-6 and 14 hours for two children.T

            • Peck@lemmy.worldEnglish
              11·
              2 days ago

              So they get compensated about quarter of their yearly expenses with this btw bill. If they had an equivalent of this in us I’d get about 6k yearly from gvmt for each child. Not too shabby in my book.