
China Aims to Boost Births with "Pro-Baby" Budget
Multiple news sources report that China will implement a 13% sales tax on contraceptives while exempting childcare and elderly care services from VAT, effective January 1st, as part of a broader effort to encourage marriage and boost declining birth rates amid an aging population and economic slowdown. This policy change, which also includes extended parental leave and cash handouts, has sparked concerns about potential consequences like unwanted pregnancies and HIV rates, with many arguing that the cost of raising a child in China far outweighs the impact of a condom tax.


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