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China launches a 12.6 billion USD childcare subsidy program to support over 20 million families.
China has allocated 90 billion yuan (about 12.6 billion USD) to support a nationwide childcare subsidy program, set to benefit over 20 million families annually.
Each child under three will receive 3,600 yuan annually.
Applications, available online and offline starting late August, are open to all eligible children regardless of location or family size.
The move aims to boost the birth rate and support working women, with additional employer subsidies to expand workplace childcare also planned.
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China lanza un programa de subsidios de cuidado infantil de 12.6 mil millones de dólares para apoyar a más de 20 millones de familias.