People’s Daily: 490,000 yuan needed to rear a child in China?

From People’s Daily Online:

“Chinese parents will spend on average of 490,000 yuan to bring up one healthy child.” this assertion, reported by the media from a research report issued by the Chinese Academy of Social Sciences, aroused the suspicion of many citizens.

Singapore’s United Morning Post’s Beijing Bureau reported that most citizens thought that this research report was produced by the Academy’s experts in their ivory towers, behind closed doors, far removed from the reality of Chinese society.

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