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flag China offers $500 yearly补贴for children under three to boost its falling birth rate.

flag China, which once fined couples for having more than one child, is now offering a subsidy of 3,600 yuan ($500) per year for children under three to boost its dwindling birth rate. flag Despite this and other incentives, young adults remain skeptical, citing the high cost of raising a child, estimated at 538,000 yuan ($75,000) by age 18. flag The shift aims to address an aging population and shrinking workforce but faces challenges due to economic pressures and changing social values.

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