China has launched its first nationwide programme of childcare subsidies as it steps up efforts to boost birth rates and give more spending power to households with young children.
The government will give families Rmb3,600 ($503) a year for each child under the age of three, state news agency Xinhua said on Monday. The subsidy will be applied from January 2025 but families with children born between 2022 and 2024 can apply for partial handouts.
The policy is expected to benefit more than 20mn families each year, Xinhua reported, citing a spokesperson from China’s National Health Commission.
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