Why is China one of the most expensive places in the world to raise children?

Raising a child in China is more expensive than almost anywhere else in the world. How did China’s childcare costs get so high, and what does this mean for the country’s future? Beijing-based think tank YuWa Population Research has estimated that the average cost of raising a child to the age of 18 is RMB 538,000 (£58,900), more than six times China’s GDP per capita*. The report found that only…