Opposition Plans Child Investment Fund To Tackle Low Birth Rate

TaiwanPlus News

The Kuomintang and Taiwan People's Party have announced a new fund aimed at investing in children's future. They aim for the government to contribute about US$1,500 for every child at birth, adding about US$300 every year until the child turns 12. Children would access the money when they turn 18.

Transcript

00:00Taiwan's opposition parties are joining forces to tackle the country's low birth rate,

00:05unveiling a new fund aimed at helping children invest in their future.

00:22Zheng announced the plan alongside Taiwan People's Party chair Huang Guochang.

00:26They aim for the government to contribute about US$1,500 for every child at birth,

00:32adding about US$300 every year until the child turns 12.

00:36Parents can make additional investments, but children won't be able to access the money until they're 18.

00:41The plan is meant to counter Taiwan's low birth rate,

00:44which Zheng says is the country's most pressing security issue.

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