China Aims to Lower Child Expenses in Effort to Boost Birth Rate

  • Government, party vow tighter regulation of tutoring sector
  • Fines and other punishments abolished for breaking family law
WATCH: Beijing is stepping up its efforts to boost China’s birth rate, saying it will strictly regulate the after school tutoring sector to cut the cost of having children.(Source: Bloomberg)
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Beijing said it would “strictly regulate” the after-school tutoring sector as part of stepped-up efforts to cut the cost of having children and help raise China’s birth rate.

“Population is key for sustainable economic development,” the Central Committee of China’s ruling Communist party and the State Council saidBloomberg Terminal in a joint statement Tuesday. The notice provided some insight into how the May decision to allow all married couples to have three children will be implemented, promising to abolish fines and other punishments such as loss of jobs for civil servants.