The average cost of raising a child to the age of 18 in China is nearly half a million yuan.
On Feb. 28, the National Bureau of Statistics released the 2022 National Economic and Social Development Statistical Bulletin, showing that there were 9.56 million births in China in 2022. To more effectively encourage childbirth, stakeholders suggest free medical care for children under 6 years old and free education for the third child from kindergarten to high school.
The average cost of raising a child between the ages of 0 and 17 for families nationwide is 485,000 yuan among the 14 regions counted; the average cost of raising a child from the age of 0 to the end of a bachelor’s degree is 627,000 yuan.
When the cost of raising a child until they are just 18 years old is compared internationally relative to the multiple of GDP per capita, it is 2.08 times in Australia, 2.24 times in France, 2.91 times in Sweden, 3.64 times in Germany, 4.11 times in the United States, 4.26 times in Japan, and 6.9 times in China, almost the highest in the world.
The high direct costs of housing, education and health care are the “three mountains” that inhibit reproductive behavior.
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