China Offers Subsidies to Boost Birth Rate

• China’s government plans to offer $500 per child under three per year to parents.

• The subsidies apply retroactively from January 1, aiming to improve public wellbeing.

• The population declined by 1.39 million last year, with China’s birth rate dropping from 9.54 million in 2016 to 9.54 million in 2017.

• The nationwide policy aims to reduce the burden of raising children.