Arab Press

بالشعب و للشعب
Friday, Mar 13, 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
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Saudi Arabia Launches Royal Institute of Anthropology to Examine Social Transformation
Pakistan’s Prime Minister Shehbaz Sharif Arrives in Saudi Arabia for High-Level Talks
Saudi Aramco Turns to Ukrainian Drone Interceptors to Shield Oil Infrastructure from Iranian Threats
UK Foreign Secretary Travels to Saudi Arabia to Reinforce Support for Regional Allies
Rising Iran Conflict Casts Shadow Over Saudi Arabia’s $38 Billion Gaming Industry Ambitions
Iran Launches Missile and Drone Strikes Across Gulf as Oil Prices Surge Past $100
Saudi Air Defences Destroy Three Drones Targeting Strategic Shaybah Oil Field
Debate Grows Over Saudi Arabia’s Role in Sudan War Amid US Alliance Questions
Pakistan’s Prime Minister Travels to Saudi Arabia After Discussions With Iranian Leadership
Two Strategic Pipelines Allow Saudi Arabia and the UAE to Bypass the Strait of Hormuz
US Deploys Bunker-Buster Bombs to UK Airbase as Iran Conflict Intensifies
Iran warns of $200 oil as forces target merchant ships in Gulf
Japan to Release 45 Days of Oil Reserves Amid Iran Conflict
Three Commercial Vessels Attacked Near Strait of Hormuz, Thai-Flagged Ship Damaged and Crew Evacuated
Saudi Red Sea Oil Exports Set for Record in March as Kingdom Reroutes Crude Amid Hormuz Crisis
Saudi Arabia Seeks Belgian Military Support After Iranian Missile Attacks
Saudi Arabia Welcomes US Decision to Designate Sudan’s Muslim Brotherhood as Terrorist Organisation
Saudi Aramco Plans Dual Gulf and Red Sea Export Routes as Iran Crisis Disrupts Oil Shipments
Saudi Cabinet Condemns Iranian Attacks and Reaffirms Kingdom’s Right to Defend Its Sovereignty
Ukraine Deploys Counter-Drone Teams to Gulf States as Iranian Drone Threat Expands
Bahrain Grand Prix Faces Uncertainty as Saudi Arabia Works to Keep Formula One Race on Track
Saudi Arabia Faces New Strategic Dilemma in Yemen as Regional War Reshapes Calculations
OPEC Confirms Saudi-Led Oil Output Increase as Iran War Disrupts Global Energy Markets
Pakistan Pledges Rapid Support for Saudi Arabia Amid Escalating Middle East Tensions
Global Energy Agency Announces Record Release of 400 Million Barrels to Stabilize Oil Markets Amid Hormuz Disruption
Aramco Warns Global Oil Market Faces ‘Catastrophic’ Shock if Strait of Hormuz Remains Closed
Iran Launches Drone and Missile Attacks Across Gulf Targets Including Saudi Arabia, Kuwait and Bahrain
Saudi Arabia Elevates Fahad Al-Saif as Vision 2030 Enters Crucial Implementation Phase
Saudi Aramco Expands Routes to Move Oil Without Reliance on the Strait of Hormuz
Saudi Arabia and Pakistan Reaffirm Mutual Defense Cooperation Following Iran Strike
Saudi Arabia Plans Major Ukrainian Arms Deal to Counter Iranian Drone Threat
Pentagon Signals Intensification of U.S. Air Campaign as Iran Conflict Escalates
U.S. Senator Lindsey Graham Raises Prospect of Mutual Defense Pact With Saudi Arabia Amid Iran Conflict
Why Saudi Arabia Is Unlikely to Have Wanted U.S. Airstrikes on Iran
Saudi Arabia’s Red Sea Oil Exports Set to Reach Record High as Gulf Routes Face Disruption
Saudi Arabia Pushes East–West Oil Pipeline Toward Full Capacity as Hormuz Crisis Disrupts Global Energy Flows
Oil Prices Retreat From Peak as G7 Weighs Release of Strategic Reserves
Pentagon Identifies U.S. Soldier Who Died After Iranian Strike on Saudi Air Base
Why Saudi Arabia’s $50 Billion ‘The Line’ Megacity Slowed — and How Artificial Intelligence Is Reshaping the Plan
United States Withdraws Diplomatic Staff from Saudi Arabia and Southeast Turkey as Regional Conflict Escalates
Fanatics Moves Tom Brady Flag Football Showcase from Saudi Arabia to Los Angeles Amid Regional War
Saudi Arabia Seeks Strategic Support from Pakistan After Iranian Missile and Drone Attacks
Saudi Arabia Begins Oil Output Cuts as Hormuz Disruption Forces Storage Limits
Saudi Arabia Travel Advisory Tightened as Middle East War Triggers Regional Security Alerts
Saudi Arabia Warns Iran It Will Be ‘Biggest Loser’ as Drone Strikes Spread Across Gulf States
Lindsey Graham Urges Saudi Arabia to Join US Effort Against Iran as War Expands
Saudi Crown Prince Holds Strategic Calls With Spanish and Ukrainian Leaders Amid Regional Tensions
Kuwait’s Jazeera Airways Shifts Operations to Saudi Arabia Amid Regional Airspace Disruptions
×