China introduces a yearly $503 childcare subsidy per child under three to boost birth rates.

China is launching a nationwide childcare subsidy program starting in 2025 to support families and boost the declining birth rate. The program offers families 3,600 yuan (about $503) per year for each child under three. The subsidy is tax-free and will help over 20 million families. This move addresses China's demographic challenges, including a shrinking newborn population and an aging society. China has been easing family planning restrictions since 2016, allowing couples to have up to three children, as part of efforts to combat population decline.