Jakarta, cartitleloans Indonesia
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Government
China
Never punished residents who have more than one child with large fines.
Now, in the midst of a demographic crisis that threatens the future of the economy, the government actually provides incentives of cash so that its citizens want to have children.
This drastic change reflects Beijing’s efforts to reverse the direction of population policy which for decades is repressive.
If in the past one child became a mandatory rule with the risk of fines to forced abortion, the government is now willing to reach billions of yuan to encourage birth.
Zane Li, a 25 -year -old Chinese, is a living witness of two very contrasting era.
When his younger sister was born, his family was fined 100 thousand Yuan (around Rp224 million), almost three times the annual income of his parents who traded fish in small cities in East China.
“We can barely survive,” Li recalled.
At that time he was only in third grade elementary school, but had to help his mother trade during school holidays.
Now, when China offers a subsidy of 3,600 yuan (around Rp. 8 million) per child every year to encourage birth, Li is not interested in having children.
He, like many other Chinese young people, considers the offer to be too small compared to the economic burden faced by parents today.
“The cost of raising a child is very large, and 3,600 yuan a year is just a drop of water in the middle of the ocean,” said Li, who is taking a master study in Beijing and must owe for tuition fees.
From fine to subsidies
The national subsidy policy announced last week is the latest step of the Chinese government to overcome the declining birth rate, the problem which is now considered a national crisis.
This program is valid since January 1, 2025 and with a total budget of up to 90 billion yuan.
Previously, various regions in China had tried local incentives, ranging from tax discounts, housing assistance, to leave for a longer give birth.
However, according to Emma Zang, professor of sociology and demographic at Yale University, this policy is not enough.
“This is indeed a strong signal from the central government, but cash alone will not change the birth rate significantly,” Zang said.
“We see for ourselves how similar incentives fail in Japan and South Korea.”
The cost of raising children in China is very high.
The study of the Yuwa Population Research Institute said that the average cost until the 18-year-old child reached 538 thousand Yuan, more than six times per capita income.
In big cities like Beijing and Shanghai, that number can penetrate 1 million yuan.
To be continued to the next page …
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