China’s birth rate has plummeted year after year, experts suggest a 1 million dollar prize for having a baby

Chinese Communist Party experts suggest that parents be given a 1 million yuan bonus for each family having one child.

The Chinese Communist Party announced the results of the 7th national census on the 11th as 1.411 billion. However, only 10.035 million babies will be born in China in 2020. The number of births in China has plummeted year after year in recent years. In order to solve the population crisis, Chinese experts suggest that each family should be given an incentive of 1 million RMB for parents to have one child.

Liang Jianzhang, a Chinese population economist and professor at Peking University’s Guanghua School of Management, interpreting data from the seventh national census online, said, “Giving one child 1 million yuan seems too much at first glance, but if you discuss this with young couples, you will know that it is actually not much at all.”

He said, “Because the direct cost of raising a child from birth to college graduation in a big city is much more than that. And that figure will rise in the future as housing prices and education costs rise.”

Data from the seventh national census released by the National Bureau of Statistics of the Communist Party of China (NBSC) on 11 November showed that China’s total population reached 1.41 billion in 2020, but the country’s population growth has slowed, with an average annual growth rate of 0.53 percent over the past decade, down 0.04 percentage points from the previous decade.

The census report data shows that the 0-14 years old is 253.38 million people, accounting for 17.95%. However, a knowledgeable user said that taking the total number of 0-14-year-olds and subtracting the number of newborns from 2007 to 2019 yields a newborn population of 42.34 million in 2020.

However, a report released by the Chinese Communist Party’s Ministry of Public Security on February 8 revealed that a total of 10.035 million newborns will visit public security organs for household registration in 2020. The CCP’s latest figure of more than 30 million more babies has shocked public opinion.

According to previous data from the Communist Party’s National Bureau of Statistics, the annual number of births was 17.86 million in 2016, 17.23 million in 2017 and 15.23 million in 2018. 14.65 million births will be recorded in 2019.

From the above data, we can see that since 2016, China’s newborn birth rate has been declining year after year, and the number of newborns is continuously going down. And the Chinese Communist Party has started to gradually liberalize the second child since 2015. But young Chinese people are reluctant to have children for fear that they cannot afford to raise them.

Liang said the newborn population in 2020 foreshadows the problem of low fertility rate in the future. He argues that encouraging childbirth is a very complex and comprehensive social project involving education reform or real estate policy reform, which takes time. And increasing family subsidies and using real money to give more benefits to families with children will have a faster effect.

He said that according to research data, the more fiscal spending on family benefits, the higher the fertility rate. Every increase in spending equivalent to 1 percent of GDP on family benefits raises the fertility rate by about 0.1 child.

If China needed to raise its fertility rate from the current 1.1 to the Japanese level of 1.3 to 1.4, it would need to spend 2 percent of GDP, 5 percent of GDP if it rose to the average developed country level of 1.6, and 10 percent of GDP if it rose to the replacement level of 2.1, Liang said.

The total GDP of China in 2020 is about 100 trillion and 10% of GDP, 10 trillion. Liang suggests that 10 trillion yuan of annual fiscal spending is needed to raise the fertility rate. If we calculate that China needs to have 10 million more children each year, each child needs to be given almost 1 million yuan.

Some analysts believe that the above figures show how serious China’s population crisis is. Experts had no choice but to come up with such a highly encouraging proposal.

In late October 2020, some Chinese Communist Party experts called for opening up the “three-child” policy.

Liang also wrote on Feb. 1 that China’s demographic collapse has arrived, and that the decline will not bottom out if the fertility rate is not significantly increased.

He said that while the number of births in 2020 will be the smallest in recent decades, it is likely to be the largest in the coming decades, with China’s future annual births sliding sharply below 10 million. This slide will not bottom out if the fertility rate cannot be raised significantly.

At the time, he also proposed that reversing the low fertility trend would first require a shift in fertility policy, lower housing costs, and reduced tax rates to be implemented in order to fundamentally raise the fertility rate.

According to Feinian Chen, a sociologist at the University of Maryland who studies population development, if the fertility rate continues to decline in the future, the pressure of an aging population will follow, which will not only affect the economy, but also give rise to social problems such as the care of the elderly population. Even if the government intends to save the fertility rate, it will not help for now.

Since the late 1970s, the Chinese Communist Party has implemented a draconian one-child policy that has resulted in forced abortions, forced sterilizations, and fines for over-births throughout the country, causing havoc for hundreds of millions of Chinese people, especially women, and resulting in the death of at least 400 million babies, as well as a declining fertility rate and a severely aging population.

In 2018, several CCP media outlets published expert opinions suggesting that all families under the age of 40 should be fined in the name of social support tax for not having children, and in late October 2020, CCP experts called for the opening of the “three-child” policy. The “three-child” policy.

Yet individual places are still levying family planning over-birth fees. For example, in December 2020, Liu Mouhua, a couple in Anyue County, Sichuan Province, was levied a social support fee of 2.66 million RMB by the local government for having eight children.

In response, netizens have criticized, “Now so many people are reluctant to have children, and there are those who are willing to have them all the time and have to pay fines!” “It’s wrong to open up the second child again and levy social support fee.”