Will $500 Save China’s Shrinking Population?

WooGlobe

China is now offering $500 per child under the age of three in a bold move to combat its shrinking population. With births at historic lows and the cost of raising kids soaring, the government hopes this nationwide subsidy will encourage families to have more children. But is money enough to reverse the trend? Watch how China is confronting its demographic crisis head-on — and why experts say this may be just the beginning. WooGlobe Ref : WGA330580 For licensing and to use this video, please email licensing@wooglobe.com

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00:00China is facing a population crisis, and it's getting serious.

00:04For the third year in a row, its population is shrinking.

00:07Now the government is stepping in with cold, hard cash.

00:10Parents across China will get $500 per child under three.

00:14And it's retroactive from January 1st this year.

00:17It's part of a national plan to ease the pressure of raising kids.

00:21Because last year, China saw only 9.5 million births, half of what it had in 2016.

00:26It even lost its title as the world's most populous country to India.

00:31Young couples say the subsidy helps.

00:33But most agree.

00:34It's not enough to make them have another child.

00:37High costs and job stress are still big reasons people delay or avoid having kids.

00:42Local governments are offering even more.

00:44One city is giving up to $14,000 per newborn if you have three or more children.

00:50Another offers monthly cash until your child turns three.

00:53But experts warn this won't be enough.

00:55China's population may drop to 800 million by 2100.

01:00And with 310 million seniors already, time is running out.

01:04This might be the beginning of a major social shift.

01:07Will money be enough to save the future of China's families?

01:09Will money be enough to save the future of China's families?

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