China earmarks $12.5 billion budget for 2025 childcare subsidies
HONG KONG (Reuters) -China’s finance ministry on Wednesday said it had earmarked 90 billion yuan ($12.54 billion) as an initial budget for childcare subsidy payments this year, an amount that experts said would probably be insufficient to boost a flagging birth rate. China on Monday announced a childcare subsidy of 3,600 yuan per year for …
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