China's Fertility Battle: Taxing Contraceptives Amid Populational Struggles

China, formerly the world's most populous nation, is struggling with low fertility rates. In an effort to boost birth rates, China has imposed a 13% tax on contraceptives, hoping to encourage higher fertility. However, this move is unlikely to reverse the current demographic trend, similar to ineffective policies in other countries.

China, once the world's most densely populated nation, is facing plummeting fertility rates. To counteract this, the country has introduced a 13% tax on contraceptives, aiming to double its fertility rate. Despite this, experts doubt its effectiveness given past failures of similar policies worldwide.

The new tax imposed as of January 1 applies to items such as condoms and birth control pills. This policy contrasts with China's recent financial efforts, which include a 90 billion yuan allocation towards national child care and incentives. Yet, raising a child in China remains costly, with average costs reaching over 538,000 yuan to age 18.

International examples like Singapore and South Korea highlight the challenge of reversing low fertility rates despite significant financial incentives and policy changes. China's modernization, enhanced education, and career opportunities have contributed to the ongoing decline, making population increase efforts challenging.

(With inputs from agencies.)