Tax Increase on Contraceptives in China Sparks Little Hope for Birth Rate Boost

China’s recent decision to tax contraceptives, including condoms, in an effort to increase birth rates has raised skepticism among Beijing residents and analysts about its potential impact. The 13 per cent value-added tax on contraception products, enacted on Jan 1, aims to address the country’s declining birth rates amidst an aging population and low marriage rates. Consumers and experts alike remain doubtful about the efficacy of the measure. While the government is concerned about the demographic challenges, many young people in Beijing argue that financial constraints and uncertainties about the future are the primary deterrents to starting a family. A…