China New Strategy for Power: Taxing Condoms to Mint "Baby Currency"

The Price of Power: China Bets on "Baby Currency" for Future Growth
For decades, the narrative surrounding China was one of overwhelming scale: a powerhouse fueled by its vast population. To manage that engine, a strict system of control was implemented, culminating in the famous (and often brutal) One-Child Policy (1980-2015). A key symbolic pillar of that control? Making family planning accessible by exempting contraceptives like condoms, IUDs, and birth control pills from value-added tax (VAT) starting in 1993.




















