Arab Press

بالشعب و للشعب
Tuesday, Feb 24, 2026

In This Part Of China, Special Loans To Urge Couples To Have Babies

In This Part Of China, Special Loans To Urge Couples To Have Babies

Jilin province will support banks to provide up to 200,000 yuan of "marriage and birth consumer loans" to couples, according to an official blueprint
A Chinese province with one of the fastest-shrinking populations is rolling out special loans to encourage couples to marry and have babies, as the rapidly-aging country tries to reverse a slump in births.

Jilin province in northeast China will support banks to provide up to 200,000 yuan ($31,400) of "marriage and birth consumer loans" to married couples, according to an official blueprint on policies to promote population growth. There were no details on how the government would offer support, but the proposal includes discounted interest rates for the loans that vary according to the number of children a couple has.

China's birth rate has rapidly slowed over the past few years as fewer and fewer people have children. That slump has continued despite the government effectively abandoning any limit on the number of children a couple can have and trying to make it less expensive to raise a family, with some demographers estimating the population may have already started shrinking.

Other measures in the Jilin policy include allowing couples from other provinces to obtain a residence permit -- known as hukou -- and access public services in Jilin if they have children and register them there. Couples who have two or three kids will also get tax discounts if they set up a small business, according to the document which was issued Thursday.

Jilin is part of China's "rust belt" region which is known for heavy industry and agriculture. The area has seen the worst population declines and slow economic growth over the past decade, with Jilin province's economy expanding 7.8% in the first three quarters of this year from the same period in 2020, slower than the national average of 9.8%.

The consumer loan attracted controversy on social media platform Weibo.

"Families that need a loan to raise kids wouldn't want to have them in the first place, and it's not a good thing to increase their financial burden," according to one post. "After mortgage and car loans, now we have the birth loan. We are just working for the bank our entire life," another person lamented.

Like many other provinces, Jilin is extending maternity and paternity leave. Women will have 180 days of leave in total, up from 158 days previously, while men are entitled to 25 days, up from 15 days.

Couples will also each get 20 days of parental leave every year before their children turn three, the document said, and the province will also encourage kindergartens to set up daycare for children between ages two and three, according to the document.

Earlier this year, a Bank of China branch in the southeastern province of Jiangxi drew widespread criticism for promoting a loan product that targeted couples who had just had a child. The bank later said that it was only assessing the product and decided not to launch it because there wasn't enough demand, according to local media.
Comments

Oh ya 4 year ago
Gee i guess there policy years ago of 1 child did not work put as planned as female babies were aborted and all the have now is a bunch of guys and no girls to make families.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
GCC Secretary-General Holds Talks with EU Ambassador in Riyadh
Gulf States’ AI Investment Drive Seen as Strategic Bet on Technology and U.S. Security Ties
African Union Commission Chair Meets Saudi Vice Foreign Minister to Deepen Strategic Cooperation
President El-Sisi Holds Strategic Talks with Saudi Crown Prince in Riyadh
Lucid Unveils Up to $12,000 Incentive for Air and Gravity Models in Saudi Arabia
Saudi Arabia Enters Global AI Partnership, Expanding Its Role in International Technology Governance
Saudi Arabia’s Landmark U.S. LNG Agreement Signals Major Strategic Shift
Saudi Arabia Accelerates Global Gaming Push with Billion-Dollar Deals and Expanded PIF Mandate
Saudi Arabia Reports $25.28 Billion Budget Deficit in Fourth Quarter of 2025
Alvarez & Marsal Tax Establishes Dedicated Pillar Two and Transfer Pricing Team in Saudi Arabia
United States Approves Over Fifteen Billion Dollars in Major Arms Sales to Israel and Saudi Arabia
Pre-Iftar Walks Gain Momentum as Ramadan Wellness Trend Spreads
Middle East Jackup Rig Fleet Contracts Further After Saudi Drilling Suspensions
Türkiye and Saudi Arabia Prepare to Sign Five Gigawatt Renewable Energy Deal at COP31
King Mohammed VI Congratulates Saudi Leadership on Founding Day, Reaffirming Strategic Ties
US Envoy Huckabee Clarifies Remarks on Israel After Expansionism Controversy
Saudi Arabia Introduces Limited Exceptions to Regional Headquarters Requirement for Foreign Firms
Saudi Arabia Joins Global Partnership on Artificial Intelligence, Elevating Its Role in Shaping AI Governance
Saudi Arabia and Arab States Mobilise Diplomatically After U.S. Envoy’s Israel Remarks
Cristiano Ronaldo Reaffirms His Commitment to Saudi Arabia Amid Transfer Speculation
Proposed US-Saudi Nuclear Deal Raises Questions Over Uranium Enrichment Provisions
Saudi Arabia Sends 81st Aid Flight to Gaza as Humanitarian Air Bridge Continues
Global Games Show Riyadh 2026 Positioned as Catalyst for Saudi Arabia’s Vision 2030
Saudi Arabia Eases Procurement Rules, Allowing Foreign Firms Greater Access to Government Contracts
Türkiye and Saudi Arabia Seal Two Billion Dollar Solar Energy Agreement
Saudi Crown Prince Reportedly Sends Letter to UAE Leader Over Yemen and Sudan Policies
Saudi Arabia Voices Concerns to UAE Over Sudan Conflict and Yemen Strategy
Saudi Arabia Joins Global Artificial Intelligence Alliance to Strengthen International Collaboration
Shura Island Positioned as Flagship of Saudi Arabia’s Ambitious Red Sea Tourism Drive
Saudi Arabia Rebukes Mike Huckabee Over Remarks in Tucker Carlson Interview
OpenAI CEO Sam Altman praises the rapid progress of Chinese tech companies.
Concerns Mount Over Potential Saudi Uranium Enrichment in Prospective US Nuclear Accord
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
Investability Emerges as the Defining Test of Saudi Arabia’s Next Market Phase
Saudi Arabia’s Packaging Market Accelerates as Sustainability and E-Commerce Drive Transformation
Saudi Arabia Unveils $32 Billion Push Into Theme Parks and Global Entertainment
Saudi Crude Exports to India Climb Sharply, Closing Gap With Russia
Saudi Arabia’s Halal Cosmetics Market Expands as Faith and Ethical Beauty Drive Growth
ImmunityBio Secures Saudi Partnerships to Launch Flagship Cancer Therapy
United Kingdom Denies U.S. Access to Military Base for Potential Iran Strike
Türkiye and Saudi Arabia Launch Expanded Renewable Energy Partnership
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
Mongolian Mining Family’s HK$247 Million Stanley Home Purchase Highlights Resilient Luxury Market
UK Intensifies Efforts to Secure Saudi Investment in Next-Generation Fighter Jet Programme
Saudi Arabia Tops Middle East Green Building Rankings with Record Growth in 2025
Qatar and Saudi Arabia Each Commit One Billion Dollars to President Trump’s ‘Board of Peace’ Initiative
Ramadan 2026 Prayer Times Set as Fasting Begins in Saudi Arabia and Egypt Announces Dates
Saudi Arabia Launches Ramadan 2026 Hotel Campaign to Boost Religious and Leisure Tourism
Saudi Arabia Seeks Reroute of Greece-Bound Fibre-Optic Cable Through Syria Instead of Israel
×