In a bold move to address its declining birth rate, China has launched its first nationwide child subsidy, offering parents up to 10,800 yuan ($1,500) per child under the age of three.
The policy—announced Monday—will provide 3,600 yuan (£375; $500) per year per child, benefiting an estimated 20 million families, according to state media. It will apply retroactively from January 2025, with partial subsidies available for children born between 2022 and 2024.
Despite scrapping the one-child policy nearly a decade ago, China continues to see its birth rate decline. Official data shows 9.54 million births in 2024, a slight increase from
