China’s baby boom depends on gender equality, not cash handouts

China’s national childcare subsidy is an encouraging acknowledgement of a simple truth: raising children is expensive. This year, the central government allocated 99.9 billion yuan (US$14.8 billion) to the programme, which provides families with 3,600 yuan annually for each child under three. According to state media, the families of more than 25 million babies have received the subsidy as of last