The Chinese government may consider giving families financial incentives to get a second child within a bid to attain higher birth rate targets.
It marks a dramatic turnaround from greater than four decades in the 二胎 when there are harsh penalties for having several, including fines and forced abortions.
Wang Peian, the vice-minister of 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 throughout a meeting from the China Social Welfare Academy, a Chinese NGO that works closely together with 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 conducted in 2015, showing that 60% of families polled were reluctant to have a second child because of financial constraints, based on China Daily.
China overturned its one-child policy in October 2015, allowing couples across the country to get two children. Birth rates have risen since that time, although the government is trying to satisfy higher birth rate targets as being the population ages.
Lu Jiehua, a sociology professor at Peking University, said that financial incentives to get a second child are a “positive signal.”
But just how much the us government can pay for to subsidize — inside a country where the price of living and education are skyrocketing — determines if the potential bonuses works, he said.
“The financial incentives would require more effort utilizing government departments to pay for the cost of raising a kid, which happens to be more significant than having a baby,” Lu said.
Normally the one-child policy was introduced in 1979 as soon as the government feared a fast increase in population size after the baby boom of the 1950s and 1960s.
The country’s fertility rate fell dramatically, from the peak of virtually 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 beneath a government program to leap start that declining birth rate — especially because China faces a rapidly aging population along with a shortage of working-age residents.
China houses 114 million people over 65, or higher to 90 million everyone is expected to retire within the next three decades, leaving the labor force with even fewer people until newborns are of sufficient age to operate.
By 2030, government entities has warned China will have by far the most aged population on this planet, exceeding 400 million people over 60.
To date — when it comes to energizing China’s birth rate — both-child policy is working, without or with subsidies.
The volume of babies born in 2016 jumped 7.9% from the previous year, based on government figures.
An absolute of 17.86 million babies were born in 2016, a boost of 1.31 million within the total in 2015. The latest total represents the highest annual amount of newborns since 2000, dexrpky25 to government data.
Challenges still remain in relation to accumulating the country’s newest workforce.
Lu mentioned that women in China who definitely are 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.