Chinese People government may consider giving families financial incentives to have a second child inside a bid to achieve higher birth rate targets.
It marks a dramatic turnaround from more than four decades of the 二胎 when there are harsh penalties to have several, including fines and forced abortions.
Wang Peian, the vice-minister from the National Health insurance and Family Planning Commission (NHFPC), said the commission is considering “birth rewards and subsidies” for second children, the state-owned China Daily reported on Tuesday.
Wang made the announcement on Saturday during a meeting of the China Social Welfare Academy, a Chinese NGO that actually works closely together with the government. A spokesperson for the organization declined commenting on Wang’s speech to CNN.
The announcement is at part prompted by way of a survey the NHFPC conducted in 2015, showing that 60% of families polled were reluctant to possess a second child because of financial constraints, according to China Daily.
China overturned its one-child policy in October 2015, allowing couples across the nation to possess two children. Birth rates have risen consequently, but the government is attempting to meet higher birth rate targets as being the population ages.
Lu Jiehua, a sociology professor at Peking University, mentioned that financial incentives for the second child can be a “positive signal.”
But exactly how much the federal government can afford to subsidize — within a country where the cost of living and education are skyrocketing — determines regardless of if the potential bonuses will continue to work, he explained.
“The financial incentives would require more effort from other government departments to pay for the price of raising a young child, that is more significant than giving birth,” Lu said.
The main one-child policy was introduced in 1979 if the government feared a rapid boost in population size after the baby boom in the 1950s and 1960s.
The country’s fertility rate fell dramatically, coming from a peak of almost six births per female between 1960 and 1965 to 1.5 per woman between 1995 and 2014.
The two-child policy officially began in 2016 within government program to leap start that declining birth rate — especially because China faces a rapidly aging population plus a shortage of working-age residents.
China houses 114 million people over 65, or higher to 90 million individuals are likely to retire in the following 30 years, leaving the labor force with even fewer people until newborns are old enough to operate.
By 2030, the us government has warned China could have probably the most aged population on this planet, with over 400 million people over 60.
Thus far — with regards to energizing China’s birth rate — both the-child policy is working, with or without subsidies.
The number of babies born in 2016 jumped 7.9% in the previous year, as outlined by government figures.
An absolute of 17.86 million babies were born in 2016, an increase of 1.31 million within the total in 2015. The latest total represents the best annual number of newborns since 2000, dexrpky25 to government data.
Challenges still remain when it comes to strengthening the country’s newest workforce.
Lu mentioned that women in China who are now of child-bearing age were raised within the 房屋二胎. Having grown up under strict family planning policies, lots of people are inclined not to have children — let alone second pregnancies.