Man demographics chat never goes well. Let's stop the outlandish ideas and refocus.
Honestly the best solution is reasonable child subsidies (China can certainly afford more than the minuscule amount it's giving parents now, and it's far better use of redistribution than a "helicopter money" blanket transfer) plus Gaokao bonus points. +0 for only children, +5 per kid for two kids, +10 per kid for 3 kids, +15 per kid for 4 kids or more.
I don’t think demographics is something the government can afford to tackle right now and not worth talking about, nor should we in this thread. It’s something that will be prioritized after China becomes developed and we see more approaches and results from Japan and Korea. If they wanted to increase birth rates seriously they would need to start at square one by adding some sort of welfare first which we see no effort in. China needs to get the money to afford these things in the first place.
They’re pushing to stop the involution problem which is good. Increasing efficiency with automation and letting worker wages be increased is good. Overall the economy is growing. But despite nice macro numbers, nobody has confidence in the economy. The government needs to do something about increasing consumer confidence. Maybe something to help the many who lost large portions of their savings in housing. People need to feel secure before they spend (and have kids). Meaning having a stable nice paying job and stable investments/savings. Both of which they’re missing. Unemployment is terrible and the amount of gig workers is insane. I doubt people making pennies delivering meituan orders are going to be happy or spend money. But I don’t think there’s much the government can do about that. The world is increasingly unstable as well. Right now it looks like Chinas in a perfect storm of problems that they either cant do anything about or are extremely difficult to deal with and require large scale reforms. I don’t think things will fully recover until the end of the decade.
Do you guys have any ideas on what China can do to help consumer confidence?
See these are common talking points that are politically correct on paper and sound good but aren't supported by empirical evidence. Many countries have tried birth subsidies with very little effect. At most you're going to increase TFR by 0.1-0.2 points by spending an unsustainable amount of money. It also subsidizes people already getting married (already well off compared to others), completely screwing over the under-educated men cohort who will get nothing.
Blaming bad economy, bad working conditions and macro is also a common cop-out. These issues have existed forever during much worse economic conditions, but people still had many kids. If house prices were high you'd be blaming house prices for low birth rates, but if house prices collapse you now blame "low consumer confidence" caused by house prices - see how circular this is.
Gaokao points for kids is a good idea, but need to be much higher to make a difference and should scale exponentially with more kids. Trying what other governments have done and failed will obviously not work. Any good solution will need to consider the unique status tournament structures in Confucian societies.
Also I reject GiantCanOfWater's framing. You seem to have read too much western China collapse narratives and are painting a picture of an economy in collapse. Read this on what the government actually thinks and plan on doing