China is planning to introduce nationwide cash subsidies to encourage couples to have more children amid ongoing population decline that threatens its economic growth. The proposed incentive includes a payment of approximately 3,600 yuan (around $500) to families for childbirth. This move marks a further shift from China’s previous one-child policy, which was officially ended in 2016, but despite its repeal, birth rates have halved over the past decade. Chinese authorities appear to be addressing the demographic challenge by offering direct financial support to families as a means to boost the birthrate and sustain the country’s position as the world's second-largest economy.