Chinese Government Announces $500 Per Year for Every Child Born

China introduces a new plan to provide financial aid to parents in view of a continuous reduction in birth rates, which will give parents of children under the age of three annually 3,600 yuan (about US $ 500) per child.

This is the first national -level scholarship announced by the Chinese government aimed at preventing the rapid decline in the population and promoting the new generation.

The scheme will facilitate the upbringing costs of about 200 million families across the country, the scheme will be considered implemented from the beginning of 2024, and parents of children born between 2022 and 2024 will also be able to apply for partial subsidy.

In March, China’s northern city of Hohat announced a donation to families with three or more children (about US $ 14,000) per children.

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China is counted among the countries in the world where children’s upbringing costs are the highest, according to a report by the Yuva Population Research Institute reports that a child in China costs an average of $ 75,700 to raise a child at the age of 17.

According to official data, China’s population decreased for the third consecutive year in 2024, last year, 9.54 million children were born in the country, although a slight increase over the previous year, the total population decline continued.

China’s 1.4 billion population is now decreasing not only, but also increasingly aging, which is becoming a major socio -economic challenge for Beijing.