China's child-rearing costs far outstrip U.S., Japan -research

The 37-year-old was a member of Team USA at the just-completed World Baseball Classic, but control issues in a game against Venezuela included an inside pitch to Jose Altuve that broke the hand of the Houston Astros second baseman. 

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But in the fifth inning for Team USA against Venezuela, Bard gave up a walk and a single, threw a wild pitch, hit Altuve and issued a walk to force in a run. He ended up charged with four runs on one hit and two walks, while not recording an out.

Child rearing costs are even higher in China’s major cities, reaching more than 1 million yuan in Shanghai and 969,000 yuan in Beijing.
Birth rates in the two cities are even lower than the national average.

SHANGHAI, Feb 23 (Reuters) – The cost of raising a child in China stands at nearly seven times its per capita GDP, far more than the United States and Japan, highlighting the challenges facing Chinese policymakers as they try to tackle rapidly declining birth rates, new research showed.

China would need to spend at least 5% of its annual GDP to create incentives for couples to have more children, including education subsidies, preferential mortgage rates, tax breaks, equal paternity and maternity leave, as well as the construction of more childcare centres, it added.

Although new policies allow families to have as many as three children, China’s birth rate dropped to 7.52 births per 1,000 people in 2021, the lowest since the National Bureau of Statistics began recording the data in 1949.

The Rockies gave Bard a look in spring training in 2020 and he made the roster, returning to his standout ways last season when he had a 1.79 ERA in 57 outings and finished 16th in National League MVP voting, also winning MLB Comeback Player of the Year.

Experts warn China’s ageing population will put huge pressure on its health and social security system, while a dwindling workforce could also severely limit growth for the world’s second largest economy in the coming decades.

Although new policies allow families to have as many as three children, China’s birth rate dropped to 7.52 births per 1,000 people in 2021, the lowest since the National Bureau of Statistics began recording the data in 1949.

Experts warn China’s ageing population will put huge pressure on its health and social security system, while a dwindling workforce could also severely limit growth for the world’s second largest economy in the coming decades.

China would need to spend at least 5% of its annual GDP to create incentives for couples to have more children, including education subsidies, preferential mortgage rates, tax breaks, equal paternity and maternity leave, as well as the construction of more childcare centres, it added.

Beijing-based YuWa Population Research Institute said in a report published on Tuesday that the average cost of raising a child to the age of 18 in China in 2019 stood at 485,000 yuan ($76,629) for a first child, 6.9 times China’s per capita GDP that year.

Beijing-based YuWa Population Research Institute said in a report published on Tuesday that the average cost of raising a child to the age of 18 in China in 2019 stood at 485,000 yuan ($76,629) for a first child, 6.9 times China’s per capita GDP that year.

SHANGHAI, Feb 23 (Reuters) – The cost of raising a child in China stands at nearly seven times its per capita GDP, far more than in the United States and Japan, highlighting the challenges facing Chinese policymakers as they try to tackle rapidly declining birth rates, new research showed.

On Weibo, another user writing under the name Lawyer Zhang, said that action needed to be taken to address the disproportionate burden faced by women, who are expected to give birth and raise children as part of their natural “motherhood”.