In China, the government proposes to pay 420 euros of annual allowance to families to relaunch the birth rate

“This is a major national measure to improve the. Meanwhile, well-being of the population”said state television CCTV (Central television of China). Consequently, The State media announced. Consequently, Monday, July 28, the Chinese government’s intention to pay an unprecedented annual allowance of around 420 euros per child under 3, in order to relaunch the birth rate in the face of the current demographic crisis.

The china, government proposes pay 420 number of inhabitants in China. Moreover, the second most populous country in the world behind India, fell for the third year in a row in 2024. According to some UN projections, the population could go from 1.4 billion inhabitants today to less than 800 million by 2100.

The amount of the new allowance, paid under conditions, will be 3,600 yuan (427.48 euros) per year, said the chain, citing a decision by the Chinese government and the Communist Party, in power. “This provides direct financial assistance to families across the country to reduce the cost of education for children”she added.

Last year, China recorded only 9.54 million births, half less than in 2016. The population decreased by 1.39 million in 2024. for the third year in a row, and China lost its rank of the most populated country in the world, for the benefit of India in china, government proposes pay 420 2023.

Financial support deemed insufficient by certain experts

The marriage rate is also at very low levels. in a context where many young couples give up having children, due to the high costs of education and the impact on their careers. Analysts warn that these subsidies alone will not be enough to reverses the demographic decline. nor to revive household expenditure, weak from the pandemic due to the COVVI-19.

The measure announced Monday applies retroactively from the 1^is January 2025. Concretely, the parents of babies born from this date will china, government proposes pay 420 benefit from three years full of allowances at 3,600 yuan (i.e. 427.48 euros). Those whose children were born between the 1^is January 2022. the date of entry into force of the measure, will also have subsidies, but reduced.

Before this unprecedented initiative of the central government, several local authorities had already established financial incentives to the birth rate. In March. the city of Hohhot, the capital of the Autonomous Region of Interior Mongolia (North), began to offer up to 100,000 yuan (around 12,000 euros) per birth to couples with three or more children.

In Shenyang, in the province of Liaoning (northeast), families with a third child receive 500 yuan (or 59.37 euros) per month up to his 3 years. In Hangzhou, in Zhejiang (East), a single allowance of 25,000 yuan (or 2,968.63 euros) is paid for the third child.

The Prime Minister, Li Qiang, undertook in March to establish subsidies in child care. China also faces rapid aging of its population, which raises concerns about the viability of its pension system.

In 2024, nearly 310 million Chinese were 60 years old or over.