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Chinese government made this big announcement on less number of children being born – India TV Hindi

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The Chinese government is giving incentives to have children.

China News: India has become the most populous country in the world by surpassing China. But now China has also started preparing to overtake India in terms of population. Recently, the Communist Party of China has made many big announcements in the budget. Chinese Prime Minister Li Qiang has set a target of 5 percent economic growth with a 7.2 percent military spending increase in his first report to the National People’s Congress. But at the same time, two government reports presented on Tuesday specifically focused on the fact that the number of parental leaves will be increased after the birth of a child.

Government will give subsidy for child care

Apart from this, private employers will also provide support to their employees in the care and upbringing of children. The government will also provide grants for the care of children. The second report promised to make childbearing, parenting and education affordable and to increase pensions. It has also been said that different states of China will also launch various schemes to increase the population. The schemes which are already running will also be continued.

China’s population will decline for the second consecutive year in 2023

China’s population declined for the second consecutive year in 2023. Record low birth rates and a wave of deaths from the Covid pandemic as strict lockdowns ended accelerated the recession. This is expected to have a long-term impact on the growth potential of the Chinese economy.

Record decline in China’s population

China’s National Bureau of Statistics said the total number of people in China would decline by 2.08 million, or 0.15 percent, to 1.409 billion in 2023. This was well above the population decline of 850,000 in 2022, which followed the Mao Zedong-era Great Famine in 1961. It happened for the first time. According to the SCMP, the high cost of living and education is preventing Chinese parents from having more children. Despite this, parents are being given many incentives including cash rewards and subsidies on houses.

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