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China launches childcare补贴cash aid program to boost birth rates, aiding over 20 million families.
China has launched a nationwide childcare subsidy program starting January 1, 2025, aimed at easing the financial burden on families and encouraging childbirth.
The program will benefit over 20 million families by providing 3,600 yuan (about $505.5) annually for each child under three.
This initiative is part of China's efforts to address its shrinking birth rate and aging population, offering direct cash assistance for the first time since the founding of the People's Republic of China.
Starting autumn 2025, childcare and education fees for public kindergartens will also be waived for children in the preschool year.
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China lanza un programa de ayuda en efectivo de subsidios para el cuidado infantil para aumentar las tasas de natalidad, ayudando a más de 20 millones de familias.