China wants more babies since the population started shrinking for the first time in six decades. Hangzhou will give new parents $2,900 for having a third child this year.
However, many Chinese millennials are not getting married in the first place due to a variety of reasons like costs and personal choices.
Read More: https://www.businessinsider.com/china-cities-hangzhou-subsidies-marriage-leave-boost-birth-rate-population-2023-2
