At 14:00 today, the State Council Information Office will introduce the childcare subsidy system along with birth support measures. For this year, an initial budget of approximately 90 billion yuan has been allocated for childcare subsidy funds. The central government will provide subsidies to local governments at a specified rate, taking overall responsibility for approximately 90% of the funds. The objective of this system is to support families in raising infants and young children, thereby easing the financial burden of child-rearing. Eligible children under the age of 3 will receive annual subsidies, with each child receiving 3,600 yuan per year until they reach the age of 3.
