In a bold move to address its declining birth rate, China has launched its first nationwide child subsidy, offering parents up to **10,800 yuan ($1,500)** per child under the age of three.
The policy—announced Monday—will provide **3,600 yuan (£375; $500) per year** per child, benefiting an estimated 20 million families, according to state media. It will apply **retroactively from January 2025**, with partial subsidies available for children born between **2022 and 2024**.
Despite scrapping the one-child policy nearly a decade ago, China continues to see its birth rate decline. Official data shows **9.54 million births in 2024**, a slight increase from
