China considering offering financial incentives for second child: China Daily
China is considering introducing birth rewards and subsidies to encourage people to have a second child, after surveys showed that economic constraints were making many reluctant to expand families, the state-owned China Daily newspaper reported.
The potential move was revealed by Wang Peian, vice-minister of the National Health and Family Planning Commission at a social welfare conference on Saturday, the newspaper said on Tuesday.
Birth rates rose to 17.86 million in 2016, the highest level since 2000, after the country issued new guidelines in late 2015 allowing all parents to have two children amid growing concerns over the costs of supporting an aging population.