China threatens the demographic crisis: will give parents 500 euros for small children

This measure occurs despite the fact that the ruling communist party has repeatedly abolished the controversial policy of a child, and the rate of birth rate continues to fall. According to the state media estimates, support should help with about 20 million families to easily cover the costs of raising children.

Retroactive payouts and local initiatives

The program, announced on Monday, offers parents total up to 10,800 yuan (about 1,500 euros) per child for three years. Beijing State Television CCTV reported how the measure would be applied retroactively from the beginning of this year. Families with children born between 2022. and 2024. They can also apply for partial subsidies.

This move is up to the efforts of local authorities throughout China. Example, the city of Hohhot in northern China offers couples with at least three children up to 100,000 yuan per child, while Shenyang, northeast of Beijing, pays 500 yuan in the third child.

One of the most expensive countries for raising children

Last week, Beijing called on the local authorities to make plans to introduce free preschool education. According to the Studio of the Chinese Institute for Yuwa Research, China, in a relative term, is one of the most expensive places in the world to raise children. The research showed that the child up to 17. year in China on average cost about 75,700 dollars.

Official data from January confirmed that the population of China fell on the third year in a row. According to the National Statistics Office, China was in 2023. recorded 9.54 million born babies, which is a slight increase compared to the year before, but the total population of the country continued to decrease. In addition, the Chinese population of 1.4 billion is accelerated by the old, which further deepens the demographic concern of Beijing.

(News.ba/index.hr)