cross-posted from: https://lemmy.sdf.org/post/46691137
- China will impose a 13% value-added tax on contraceptive drugs and devices, including condoms, for the first time in three decades.
- The revision to the Value-Added Tax Law also exempts child-care services, elder-care institutions, disability service providers, and marriage-related services from the tax.
- The changes are part of China’s efforts to reverse plunging birth rates and encourage people to have more children, as the population has shrunk for three consecutive years.
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China will impose a value-added tax on contraceptive drugs and devices — including condoms — for the first time in three decades, its latest bid to reverse plunging birth rates that threaten to further slow its economy.
Under the newly revised Value-Added Tax Law, consumers will pay a 13% levy on items that had been VAT-exempt since 1993, when China enforced a strict one-child policy and actively promoted birth control.
At the same time, the revision carves out new incentives for prospective parents by exempting child-care services — from nurseries to kindergartens — as well as elder-care institutions, disability service providers and marriage-related services. The changes take effect in January.
They reflect a broader policy pivot, as a rapidly aging China shifts from limiting births to encouraging people to have more children. The population has shrunk for three consecutive years, with just 9.54 million births in 2024 — barely half of the 18.8 million registered nearly a decade ago, when the one-child policy was lifted.
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The US birth rate and china’s birth rate are shockingly similar. I love how we point to their one child policy for their issues while ignoring what both populations are saying. Turns out run away capitalism is too blame. The one child policy doesn’t explain why both populations millennials and gen xers are not interested in even having relationships, let alone having children. Both sets say the same things. Not enough money, too much work, worries about climate, and fear of world conflicts. Both China and US people need to realize both our governments are more likely to role back women’s rights to increase birth rates opposed to emancipating their people.