Child rearing costs are even higher in China's major cities, reaching more than 1 million yuan in Shanghai and 969,000 yuan in Beijing.
Birth rates in the two cities are even lower than the national average.
In court: The former couple began their custody battle in October of 2021, when the actor started a legal case regarding the home state of their children with the former residing in New York and the House actress staying in Los Angeles.
Beijing-based YuWa Population Research Institute said in a report published on Tuesday that the average cost of raising a child to the age of 18 in China in 2019 stood at 485,000 yuan ($76,629) for a first child, 6.9 times China's per capita GDP that year.
Although new policies allow families to have as many as three children, China's birth rate dropped to 7.52 births per 1,000 people in 2021, the lowest since the National Bureau of Statistics began recording the data in 1949.
LONDON, Oct 25 (Reuters) - British Brexit minister David Frost said on Monday that the European Union's proposals to solve the problem of trade involving Northern Ireland did not go far enough and significant gaps remained between the two sides.
trade between Britain and Northern Ireland we would want to see," Frost told a parliamentary committee. I'm not sure they would quite deliver the kind of ambitious, free ... "The problem with them is that they don't go far enough.
SHANGHAI, Feb 23 (Reuters) - The cost of raising a child in China stands at nearly seven times its per capita GDP, far more than the United States and Japan, highlighting the challenges facing Chinese policymakers as they try to tackle rapidly declining birth rates, new research showed.
The former couple began their custody battle in October of 2021, when the actor started a legal case regarding the home state of their children with the former residing in New York and the House actress staying in Los Angeles.
China would need to spend at least 5% of its annual GDP to create incentives for couples to have more children, including education subsidies, preferential mortgage rates, tax breaks, equal paternity and maternity leave, as well as the construction of more childcare centres, it added.
Experts warn China's ageing population will put huge pressure on its health and social security system, while a dwindling workforce could also severely limit growth for the world's second largest economy in the coming decades.
The official, who took part in the Thursday-Friday summit of the EU's national leaders in Brussels that briefly looked at the latest in Brexit, said gaps in talks on a new trade deal between London and the bloc were still "very very big".
"The only certainty I have is that Jan. 31," the official said, referring to the date when Britain leaves the EU's single market and customs union, leaving behind its current free trade arrangements with the 27-nation bloc.
BRUSSELS, Dec 11 (Reuters) - A senior EU official said Sunday's target date for a Brexit deal might well turn into another missed deadline in the saga, adding that the latest developments in EU-UK talks did not leave them "very optimistic".
Birth rates in the two cities are even lower than the national average.
In court: The former couple began their custody battle in October of 2021, when the actor started a legal case regarding the home state of their children with the former residing in New York and the House actress staying in Los Angeles.
Beijing-based YuWa Population Research Institute said in a report published on Tuesday that the average cost of raising a child to the age of 18 in China in 2019 stood at 485,000 yuan ($76,629) for a first child, 6.9 times China's per capita GDP that year.
Although new policies allow families to have as many as three children, China's birth rate dropped to 7.52 births per 1,000 people in 2021, the lowest since the National Bureau of Statistics began recording the data in 1949.
LONDON, Oct 25 (Reuters) - British Brexit minister David Frost said on Monday that the European Union's proposals to solve the problem of trade involving Northern Ireland did not go far enough and significant gaps remained between the two sides.
trade between Britain and Northern Ireland we would want to see," Frost told a parliamentary committee. I'm not sure they would quite deliver the kind of ambitious, free ... "The problem with them is that they don't go far enough.
SHANGHAI, Feb 23 (Reuters) - The cost of raising a child in China stands at nearly seven times its per capita GDP, far more than the United States and Japan, highlighting the challenges facing Chinese policymakers as they try to tackle rapidly declining birth rates, new research showed.
The former couple began their custody battle in October of 2021, when the actor started a legal case regarding the home state of their children with the former residing in New York and the House actress staying in Los Angeles.
China would need to spend at least 5% of its annual GDP to create incentives for couples to have more children, including education subsidies, preferential mortgage rates, tax breaks, equal paternity and maternity leave, as well as the construction of more childcare centres, it added.
Experts warn China's ageing population will put huge pressure on its health and social security system, while a dwindling workforce could also severely limit growth for the world's second largest economy in the coming decades.
The official, who took part in the Thursday-Friday summit of the EU's national leaders in Brussels that briefly looked at the latest in Brexit, said gaps in talks on a new trade deal between London and the bloc were still "very very big".
"The only certainty I have is that Jan. 31," the official said, referring to the date when Britain leaves the EU's single market and customs union, leaving behind its current free trade arrangements with the 27-nation bloc.
BRUSSELS, Dec 11 (Reuters) - A senior EU official said Sunday's target date for a Brexit deal might well turn into another missed deadline in the saga, adding that the latest developments in EU-UK talks did not leave them "very optimistic".