According to the Bloomberg news agency, which is based on well -informed sources, the Chinese government will pay 3,600 Yuan (427 euros) per child annually, up to the age of three. It is a national initiative that would start this year.
China got off to one child policy ten years ago, that stated that every couple could have a child. For three years in a row, the population has been declining and China has to leave the title of the most populated country in the world to India.
The decreasing birth rate has become a challenge for the Chinese economy. In 2024, 9.54 million babies were born, while there were 18.8 million in 2016.
Local governments encourage all children to have, through benefits and housing.