Birth Rate
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Subsidies per Child, Tax Breaks, Housing Support: Liang Jianzhang on National Childcare Subsidies as a Foundation for Comprehensive Fertility Benefits
Beijing will launch a national childcare subsidy in 2025, offering ¥3,600 annually per child until age three. Trip.com CEO James Liang argues subsidies boost demand and stimulate the economy, calling children the best investment amid overcapacity. However, critics note the subsidy covers only a small fraction of childcare costs. The article proposes tiered support: cash subsidies (¥1,000-¥3,000 monthly based on the number of children), tax/social security reductions, and housing subsidies, costing 2-5% of GDP, deemed necessary to restore birth rates.
