China's Child Care Subsidy Plan

This is a China news story, published by CNBC, that relates primarily to Goldman Sachs news.

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child care subsidy

CNBC

•

Business

Business & Economics

China is tackling weak consumption with child care subsidies

Summary

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91% Informative

A national-level policy of 100 billion yuan ( $13.84 billion ) for child care subsidies could come soon this year .

China recorded 9.54 million births last year , up by 520,000 from the prior year .

Hohhot announced subsidies of up to 100,000 yuan for children of registered locals who live and work in the city.

Goldman Sachs : "Both funding and implementation matter for the effectiveness of China 's consumption stimulus" China 's efforts to boost consumption also include calls for increasing the minimum wage, stabilizing the stock market, boosting farmers' income and resolving payment delays for businesses.

The announcement of a nationwide childcare subsidy and the April Politburo meeting are key to watch in coming months , analysts say.

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