A Chinese City is Offering Couples Subsidy to Help Boost the Birth Rate

Carri Insights A Chinese city is offering couples subsidy to help boost the birth rate

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

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