On March 21st, the childcare subsidy system is accelerating its implementation. This year’s government work report proposes to formulate policies to promote childbirth and provide childcare subsidies, sending a strong policy signal. On March 16th, the General Office of the Communist Party of China and the General Office of the State Council issued the “Special Action Plan to Boost Consumption”, proposing to increase the guarantee of childbirth and child rearing, and to study the establishment of a child rearing subsidy system. Many regions across the country have actively responded and successively introduced detailed policies on maternity subsidies, using flexible and diverse support measures to boost fertility willingness and alleviate population pressure. Industry experts have stated in interviews that policies promoting childbirth will open up vast market space and development opportunities for the mother and baby industry chain. From assisted reproduction to postpartum repair, from infant and toddler food to health services, various sub sectors are expected to benefit from it and usher in a new round of growth. (Shanghai Stock News)
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