China Plans Nationwide Subsidies to Boost Birthrate

China is planning to offer cash handouts to families as an incentive for couples to have children, according to people familiar with the matter, as years of population decline threaten the world’s No. 2 economy.

The government is set to provide 3,600 yuan ($503) a year for each child until they turn three under a nationwide initiative starting from 2025, said the people, asking not to be identified as the details are not public.