China offers one-time cash allowance for those in extreme poverty

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

China offers one-time cash allowance for those in extreme ********

China’s government announced it will offer a one-time cash allowance to those in extreme ********, a day after its central bank rolled out a slate of stimulus measures aimed at shoring up the economy.

The handout will be provided to “extremely poor people, orphans and other needy people on the occasion of the 75th anniversary of the founding of New China,” ******** local media CCTV reported on Wednesday. That’s according to a

This is the hidden content, please

• Sign In
• or
• Sign Up

translation. The subsidies will be doled out before China’s National Day on Oct. 1 to “promptly convey the Party and government’s care and concern for the needy.” The report did not specify the size of the allowance or any further details.

“Xi Jinping and the CPC are laser focused on giving a hand to low- and middle-income ******** through his common prosperity drive … Xi is focused on building equity in poorer regions,” founder of China Market Research Group Shaun Rein told CNBC when asked about the living subsidies.  

The concept of common prosperity, initially introduced by Mao Zedong in the 1950s, was

This is the hidden content, please

• Sign In
• or
• Sign Up

to promote moderate wealth for everyone.

As of last November,

This is the hidden content, please

• Sign In
• or
• Sign Up

. The average allowance was about 779 yuan ($110.80) per person a month for those staying in urban areas, while rural subsistence was 615 yuan per person.

This is the hidden content, please

• Sign In
• or
• Sign Up

#China #offers #onetime #cash #allowance #extreme #********

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up