China has unveiled a series of measures aimed at reversing its declining birth rate, including expanded childcare subsidies and enhanced parental leave policies. The move comes as the country faces a looming demographic crisis, with its population shrinking for the first time in decades.
New Policies to Support Families
The government announced financial incentives for families with multiple children, including direct subsidies and tax breaks. Additionally, employers will be required to offer more flexible working arrangements for parents.
Why China Needs More Babies
China's birth rate has been falling steadily since the abolition of the one-child policy in 2016. Experts warn that an ageing population could strain the economy and healthcare system, making these new measures crucial for long-term stability.
Public Reaction Mixed
While some young couples welcome the support, others cite high living costs and demanding work cultures as ongoing barriers to starting families. The success of these policies remains to be seen as China races against time to address its demographic challenges.
