<ul><li>Trip.com Group will pay employees 50,000 yuan for each child they have, starting from July 1, as part of an initiative to address China's ageing population.</li><li>The company will also provide a parental cash subsidy of 10,000 yuan annually for five years for every child born to its employees worldwide, costing around 1 billion yuan.</li><li>Trip.com's executive chairman, James Liang, highlights the importance of government support for families with children and companies' role in fostering a favorable environment for fertility.</li><li>China's birth rate has been declining due to factors such as high costs, low income, weak social safety nets, and gender inequality. Liang suggests allocating 2% of China's GDP towards promoting fertility.</li></ul>

China's biggest online travel agency to pay employees 1 billion yuan to have kids

Discover more