Tianjin medical university, University in Tianjin, China

Beijing is giving priority to the allocation of public rental housing by providing subsidies to families with two or more children which is the first of its kind.According to Weibo, the Chinese microblogging site, it's understood that cost of raising three children can be enough to buy a house in China.Earlier, July this year, the central authorities unveiled a policy document aimed at reducing childrearing and education costs and building a "fertility-friendly society" as a follow-up move to the policy decision of allowing all couples to have three children. Less than six years ago, in October 2015,On the other hand, China relaxed its more than three-decade-old stringent family planning policy, allowing all couples to have two children.This swift change in the family planning policy should be seen against the backdrop of China's rapidly ageing population and low birth rate.Many experts say China's socio-economic environment, especially in urban areas, doesn't encourage couples to have even two, let alone three, children.In particular, high housing prices and the instability of the rental housing sector are detrimental to young couples' plans to have children or even marry. Thus, to create a "fertility-friendly environment" for couples, building a "fertility-friendly" housing sector is a prerequisite, as per Weibo trending searches.According to Weibo, houses used to be allocated for free and as non-tradable welfare goods to urban residents in China during the planned economy era, from 1949 to 1977. But severe housing shortage and deteriorating housing conditions under the welfare housing system prompted the government to gradually commercialize the housing sector from the 1980s.So to build a "fertility-friendly society", the authorities first need to allocate housing on the basis of people's needs, not on the demand of capital.The initiative to develop subsidized housing comes as Beijing observes the centenary of the Chinese Communist Party's formation.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tianjin Medical UniversityFOLLOW

Tianjin medical university, Latest News

Beijing, Nov 27 After moving to AMD in the new Model S, Elon Musk-owned electric vehicle company Tesla ... ...

Beijing, Nov 27 Tech giant Apple has surpassed smartphone brand Vivo to emerge as the largest smartphone vendor ... ...

Amid Beijing's attempt to tighten its control over the technology sector in the country, Chinese authorities have ordered the operators of a major ride-hailing app, Didi Chuxing to de-list from the New York Stock Exchange. ...

Continuing its assertive policy towards its neighbouring countries, China has signed a memorandum of understanding (MOU) with Bhutan on the border issue. ...

Beijing, Nov 26 Xiaomi is reportedly planning to announce its next major version of user interface (UI) 'MIUI ... ...

Beijing, Nov 26 OPPO has refreshed the Reno lineup with the launch of the Reno 7 series in ... ...

New Delhi, Nov 25 Chinese threat groups are likely to soon collect encrypted data with long-term utility, expecting ... ...

Beijing is giving priority to the allocation of public rental housing by providing subsidies to families with two or more children which is the first of its kind. ...