The Chinese government may consider giving families financial incentives to possess a second child within a bid to arrive at higher birth rate targets.
It marks a dramatic turnaround from a lot more than four decades from the 二胎 when there are harsh penalties for having multiple, including fines and forced abortions.
Wang Peian, the vice-minister in the National Health 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 in a meeting from the China Social Welfare Academy, a Chinese NGO that works well closely with all the government. A spokesperson for that organization declined commenting on Wang’s speech to CNN.
The announcement is in part prompted from a survey the NHFPC performed in 2015, showing that 60% of families polled were reluctant to have a second child due to financial constraints, as outlined by China Daily.
China overturned its one-child policy in October 2015, allowing couples country wide to obtain two children. Birth rates have risen ever since then, but the government is intending in order to meet higher birth rate targets because the population ages.
Lu Jiehua, a sociology professor at Peking University, stated that financial incentives for the second child are a “positive signal.”
But how much the federal government are able to afford to subsidize — within a country where the price of living and education are skyrocketing — will determine whether the potential bonuses work, he stated.
“The financial incentives would require more effort using their company government departments to pay the cost of raising a young child, that is more important than giving birth,” Lu said.
Normally the one-child policy was introduced in 1979 when the government feared a fast boost in population size after the baby boom in the 1950s and 1960s.
The country’s fertility rate fell dramatically, from the peak of almost six births per female between 1960 and 1965 to 1.5 per woman between 1995 and 2014.
The 2-child policy officially began in 2016 under a 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 contains 114 million people over 65, or higher to 90 million people are anticipated to retire in the next 30 years, leaving the labor force with even fewer people until newborns are of sufficient age to function.
By 2030, government entities has warned China could have the most aged population on the planet, with more than 400 million people over 60.
Thus far — in terms of energizing China’s birth rate — both-child policy is working, with or without subsidies.
The quantity of babies born in 2016 jumped 7.9% through the previous year, according to government figures.
An overall of 17.86 million babies were born in 2016, an increase of 1.31 million across 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 said that women in China who happen to be now of child-bearing age were raised within the 房屋二胎. Having grown up under strict family planning policies, the majority are inclined to not have children — not to mention second pregnancies.