China needs 600% child subsidy rise to prevent deeper birth crisis: scholars

China's scholars are warning that the country's birth crisis could worsen unless the government significantly increases childcare subsidies. They recommend a 600% rise in these subsidies to encourage more people to have children. This move could help China learn from neighboring countries like Singapore and South Korea, which have implemented similar policies to boost their fertility rates. If China fails to act, its fertility rate could soon become the lowest in the world.

Why it matters

China's low birth rate is a concern for the country's future economic growth. A significant increase in childcare subsidies could help alleviate this issue, but it may also put a strain on the government's finances.

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