Chinese City Offers Cash Handouts To Incentivize More Childbirths Amid Demographic Crisis  | WHAT REALLY HAPPENED

Chinese City Offers Cash Handouts To Incentivize More Childbirths Amid Demographic Crisis 

As concerns about China's demographic deterioration intensifies (stoked by news that the country's birthrate fell to its lowest level in 2020 since CCP record-keeping began in 1949), one city in Southwest China's Sichuan Province is offering couples subsidies per month to make babies.

China is battling not one but three demons: insurmountable debts, deflation, and demographics threaten to derail the economy.

To fix this, and what may be a pilot test for a much wider rollout, Panzhihua city in Southwest China's Sichuan Province, with about 1.23 million population is handing out 500 yuan ($76.87) per baby every month for families that have a second or third child, until the babies turn three, according to state-run media Global Times.

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