Posted 2/22/2024, 5:43:00 AM
Child-Rearing in China Burdensome Due to High Costs, Limited Support
- Costs over $70,000 on average to raise a child to age 18, making China one of the most unaffordable countries for child-rearing
- Housing costs in major cities like Beijing and Shanghai exceed $130,000 per child
- Women disproportionately affected due to reductions in paid work hours and wages after having children
- Declining birth rates likely driving up per-child costs higher
- Education system's focus on exams and lack of childcare facilities also make raising kids difficult