Amidst a demographic crisis (/topic/demographic-crisis), China is happily rolling out a slew of supportive measures to encourage couples to have a third child.
Fabien Baussart, President of CPFA (Center of Political and Foreign Affairs), in a blog post in The Times of Israel said that the new sets of incentives include perks such as baby bonuses, extended paid leaves, tax cuts and childbearing subsidies, among others.

The Chinese authorities are pushing organizations and local administrations to offer handsome douceur to the parents as an inducement to have a third child.
Beijing Dabeinong Technology Group is offering its employees benefits including cash up to 90,000 yuan (USD14,100), supplementary maternal leave of up to 12 months and 9 days paternal leave. Online travel company Trip.com announced that it

would offer additional benefits in the form of subsidized cost of freezing the eggs of Managers of the company, reported The Times of Israel.

The move comes amid immense pressure on the Communist Party-led China to address and improve the deepening demographic crisis (/topic/demographic-crisis) in the country.

There is also the challenge of the rapidly ageing population in the country. The one-child population left the Chinese
demographic in a weird state where the national workforce shrank too low, said Baussart.

Read more @ANI

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