China population update: In a shocking set of developments, China has taken a drastic step towards increasing the population of its nation. In the recent development, the government of China has taken an unexpected step to encourage couples to have more children. For those unversed, China is facing a serious population crisis, and now the government is taking an unexpected step for promoting population growth in the state. Here are all the details you need to know about the steps China is taking to increase population and prohibit birth-controlling medicines.
China’s decreasing population woes
Notably, China’s birth rate has been falling for the last three years, and in 2024 only 9.54 lakh babies were born, almost half of the 18.8 lakh births recorded a decade ago.
Why is China taxing Condoms?
In order to deal with this massive population decline, China has introduced a new rule. In the recent development, condoms and all other contraceptive products will be taxed at 13% under the updated Value Added Tax (VAT) law from January. Earlier, these items had been exempt from VAT since 1993, when China was enforcing its strict one-child policy and actively promoting family planning.
Why is Chinese youth not willing to increase family?
Experts point out that China’s main hurdle is the extremely high cost of raising a child. A 2024 study by the Beijing-based Youth Population Research Institute estimates that bringing up a child until the age of 18 costs about 5.38 lakh yuan (around 76,000 dollars), making China one of the most expensive places in the world for child-rearing.
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