China population: 3 million foreign nannies could boost births by 200,000, save families US$30 billion

Feb 23, 2022 | INVESTING

Relaxing rules to allow foreign nannies could boost China’s ailing birth rate by as many as 200,000 a year, and save families as much 200 billion yuan (US$31.6 billion), according to a report published on Wednesday.With the minimum salary for a domestic helper in Hong Kong set at HK$4,630 (US$593.40) per month, hiring a foreign nanny could cut expenses for a Chinese family by 60 per cent. The average salary for a nanny in big Chinese cities 10,000 yuan (US$1,578.48) per month.The money saved…

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