Beautiful Virgin Islands

Sunday, Jul 12, 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.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
The AI Invoice Shock: Layoffs Didn't Save Managers Money — They Cost Them More
Concern: Sexually Transmitted Bacterium Among Men Develops Antibiotic Resistance
Following Massive Investor Demand: SK Hynix Raises 26.5 Billion Dollars on Nasdaq
Passenger Partially Pulled Out of Ryanair Jet After Cabin Window Fails Mid-Flight
After Four Years, and Under a Heavy Veil of Secrecy: King Charles Meets His Grandchildren, Harry and Meghan's Children
Severe Heatwave Drives Dangerous Ground-Level Ozone Pollution Across Two Thirds of European Union
Westminster in Freefall as Farage's By-Election Gamble Triggers Broader Systemic Crises
Institutional Fractures and Political Volatility Reshape Britain's Domestic Landscape
Deadly Fire, Health Emergencies and Political Upheaval Shape a Volatile Global News Cycle
Flight Instructor Jumped to His Death — Student Landed the Plane: "You Know What You Need to Do"
The Physical and Electronic Barriers Disrupting Domestic Wireless Networks
France and Morocco Open World Cup Quarter-Finals as Collina Defends Refereeing
Prince Harry Suffers Major Court Defeat in Legal Battle Against Daily Mail Publisher
Bonnie Tyler, Welsh Singer Behind Total Eclipse of the Heart, Dies at 75
Tech Pulse: The Future of AI and Screen Culture
Global News Briefing: Escalating Geopolitical Tensions and Corporate Shakeups
Global News Brief: Escalating Conflicts, Public Health Crises, and World Cup Drama
Federal Financial Framework Shifts as Treasury Launches Universal Savings Program for Minors
French Court Allows Le Pen to Run for Presidency, but with an Electronic Tag: "I Will Appeal, and I Will Run"
$1.4 Trillion: The Lawsuit That Could Crush Meta
Europe's Growing Struggle with Extreme Heat and Air Conditioning
UK Daily Briefing: Legal Developments and Social Issues
Political Turmoil and Rising Costs
Anthropic Reengineers Agentic Architecture to Shift Autonomous Workplace Automation to the Cloud
Logic Flaw in Windows 11 Permission Architecture Silently Consumes Hundreds of Gigabytes of Local Storage
Apple Advances Late-Stage Operating Systems with Fourth Beta Deployments
Global Crisis Alert: Escalating Middle East Tensions and UK Political Upheaval
Deep Purple Has Released Its Best Album in Decades
Microsoft Lays Off 4,800 Employees and Xbox Suffers the Hardest Blow
Morocco and France Advance as 2026 FIFA World Cup Enters Quarterfinals.
Historic 2026 Tour de France Opens in Barcelona With Revamped Team Time Trial.
Global Mergers and Acquisitions Approach $4 Trillion Defying Geopolitical Tumult.
Negotiators Advance 20-Point Framework for Gaza Ceasefire and Demilitarization.
OECD Warns Middle East Conflict Will Depress Global Economic Growth.
Ukrainian Drones Strike Major Oil Terminal in St. Petersburg.
World Meteorological Organization Issues Urgent Alert Over Rapidly Intensifying El Niño.
United States Commemorates 250th Anniversary With Diplomatic Summits and Global Flotilla.
Iran Begins Days-Long Funeral for Supreme Leader Khamenei Amid Strait of Hormuz Standoff.
Technology giant reports surging carbon emissions driven by artificial intelligence infrastructure demands.
Artificial intelligence adoption accelerates workforce reductions across the technology and financial sectors.
Global technology and financial conglomerates collaborate to launch a new stablecoin standard.
United States regulators lift export restrictions on a major frontier artificial intelligence model.
Luxury bags take over the World Cup: style, status symbol, or just showing off?
×