Shenzhen in South China's Guangdong Province, one of China's megacities with a population of 17.68 million, started on Monday to solicit public opinions on the city's policy of childcare subsidies. The subsidies for "third child" families can be accumulated up to 19,000 yuan over the course of three years.
According to the draft, Shenzhen plans to issue a one-time maternity subsidy of 3,000 yuan to the families who give birth to their first child and register their child's household in the city. Apart from that, these families can get a 1,500-yuan childcare subsidy per year.
Both subsidies constitute an accumulated 7,500 yuan over a course of three years. That is to say, these families can get an average annual subsidy of 2,500 yuan from their first child over three years.
Families who give birth to their second child will be eligible for a one-time subsidy of 5,000 yuan, with an accumulated figure of 11,000 yuan over three years.
It is significant that families give birth to their third child can get a one-time subsidy of 10,000 yuan and an annual subsidy of 3,000 yuan, with an accumulated subsidy of 19,000 yuan over three years, according to the draft.
All these subsidies will be stopped until the child reaches the age of 3. Additional children will be subsidized according to the standards of the third child.
