HONG KONG, Feb 21 Reuters China is one of the world39;s most expensive places to raise a child, relative to its GDP per capita, a prominent Chinese think tank said on Wednesday as it detailed the time and opportunity costs for women who opt to have children in the country.

The cost of raising a child until they are 18 relative to per capita GDP is around 6.3 times in China versus 2.08 times in Australia, 2.24 times in France, 4.11 times in the U.S. and 4.26 times in Japan, said a report by the Beijingbased YuWa Population Research Institute.

Raising children also leads to a reduction in women39;s paid work hours and wage rates, while men39;s livelihoods remain largely unchanged.

Because the current social environment in China is not friendly to women39;s fertility, the time cost and opportunity cost for women to have children are too high, said the report, coauthored by Liang Jianzhang, founder of online travelling site Ctrip and also a founder of the YuWa institute.

Due to reasons such as the high cost of childbearing and the difficulty for women to balance family and work, the Chinese people39;s average fertility willingness is almost the lowest in the world.

The report comes after China39;s population fell for a second consecutive year in 2023 with the number of new births dropping to around half of that in 2016.

An increasing number of women are opting not to have children due high childcare costs, and an unwillingness to marry or put their careers on hold,…