China may cover much of the cost of childcare, from birth to college graduation, to help reverse a decline in the birthrate.<\/p>\n
In advance of the National People\u2019s Congress, the rubberstamp legislature that convenes on Friday in Beijing, an influential policy advisory body has suggested that wide-ranging financial support be offered to families to address the falling birthrate in the world\u2019s most populous country, including providing income tax cuts for new parents.<\/p>\n
\u201cIn recent years the birthrates have plummeted, and the subsequent social and economic problems have become more severe by the day,\u201d the China Democratic League said. It is proposing a series of subsidies to help with childcare costs and even payments to grandparents so they are rewarded for helping young parents to look after their offspring.<\/p>\n
Read it all<\/a> (subscription).<\/p>\n China may cover much of the cost of childcare, from birth to college graduation, to help reverse a decline in the birthrate https:\/\/t.co\/NVg4YFooLz<\/a><\/p>\n \u2014 The Times (@thetimes) May 19, 2020<\/a><\/p><\/blockquote>\n\n