China’s birth rate continues to decline. Under this situation, China has introduced many policies, including a maternity subsidy system and tax reductions for family members with multiple children. The purpose is to encourage people to have more children, thereby increasing the birth rate.
China’s State Council issued guidance in this regard on Monday to increase child birth rates. Among them, a 13-point outline was formulated to increase childbirth support services, expand the child care system, and provide education, housing and employment assistance. In addition, creating a good social environment for childbirth is also a focus of the government. The guidance mentioned that the maternity subsidy system can be improved on the basis of the new policy.
The State Council emphasizes promoting a new culture of marriage and childbearing. He said the importance of age-appropriate marriage and co-parenting of children should be explained. These include better maternity insurance, maternity leave, subsidies and medical facilities for children. The committee recommends that local governments allocate budgets for childcare centers and exempt such services from taxes.
Let us tell you that China has a population of 1.4 billion. The birth rate there hit a record low last year. During this period, India surpassed China to become the most populous country in the world. China is plagued by a declining population and wants to boost its birth rate.
Compared with the young Indian population, China’s population is aging. There are many reasons for this, including increased lifespans and declining birth rates. Last year, China’s population aged 60 and above reached approximately 300 million. This means that its proportion is approximately 21.1% of the total population. The year before this, the figure was around Rs 28 crore.
