The cost of raising a child in China stands at nearly seven times its per capita GDP, far more than the United States and Japan, highlighting the challenges facing Chinese policymakers as they try to tackle rapidly declining birth rates, new research showed.
Experts warn China's ageing population will put huge pressure on its health and social security system, while a dwindling workforce could also severely limit growth for the world's second largest economy in the coming decades.
Beijing-based YuWa Population Research Institute said in a report published on Tuesday that the average cost of raising a child to the age of 18 in China in 2019 stood at 485,000 yuan for a first child, 6.9 times China's per capita GDP that year. Child rearing costs are even higher in China's major cities, reaching more than 1 million yuan in Shanghai and 969,000 yuan in Beijing. Birth rates in the two cities are even lower than the national average.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Fifty years after Nixon's historic visit to China, questions hang over the US-China futureWhen US President Richard Nixon walked down the red-carpeted stairs from Air Force One to shake hands with Chinese Premier Zhou Enlai on a cold day in Beijing on February 21, 1972, it was hailed by many as a world-changing gesture.
Weiterlesen »
Japan Exchange Group alerts against imposter crypto trading platformsJPX issued the alert after reports emerged about an ongoing attempt to market BTC and cryptocurrency trading on platforms posing as JPX or one of its subsidiaries.
Weiterlesen »
50 Years After Nixon Visit, US-China Ties as Fraught as EverAt the height of the Cold War, U.S. President Richard Nixon flew into communist China’s center of power for a visit that, over time, would transform U.S.-China relations and China’s position in the world
Weiterlesen »
As Olympics close, Russia thwarts Biden's efforts to focus on ChinaPresident JoeBiden's push to turn U.S. attention toward China has been thwarted by Russia's aggressive posture toward Ukraine.
Weiterlesen »