China Birth Subsidy: $500 Per Child Under Three Each Year
Why in the news
Beijing announced cash support for young families to lift its birth rate.
Key facts
- Subsidy: $500 per child per year for children under three.
- Country: China, the second most populous nation.
| Item | Detail |
|---|---|
| Payer | Chinese government |
| Amount | $500 per child annually |
| Age limit | Below three years |
Significance
The move signals official concern about population trends and an effort to ease the cost of raising young children. The amount, the age limit and the reason are the likely exam points.
Exam angle
- Policy aim: boost birth rate amid demographic worries.