China offers child care subsidies to stimulate fertility
In an attempt to combat the significant decline in birth rates and the growing population of older individuals, China has revealed new financial support for child care, designed to motivate families to expand their number of children. This plan demonstrates an increasing concern among the nation's leaders regarding demographic issues that could impact the country's economic and social sustainability over time.The recently implemented subsidies are an element of a wider national policy change aimed at assisting families by means of financial stimuli and enhanced social services. Within this approach, the Chinese government is providing direct financial support to households with…