Off the wire
Copa Libertadores: Defending champions Atletico Nacional ousted  • Mexico City faces worst air pollution in two decades  • Eating fruit, vegetables secret to looking good: Australian study  • Interview: Slovenia wishes to become major logistic hub of Belt and Road Initiative, says minister  • Xinhua China news advisory -- May 19  • Gold price opens lower in Hong Kong  • Melbourne has longest yet slowest tram network in the world: study  • China treasury bond futures open lower Friday  • Hong Kong stocks open 0.14 pct higher  • Chinese football has bright future, says FIFA official Zhang Jian  
You are here:   Home/ News

China allocates more funding for poverty relief

Xinhua, June 13, 2017 Adjust font size:

China's central government has allocated another 30.7 billion yuan (about US$4.52 billion) in funding to help people living in poverty, the finance ministry said on June 12.

That has brought this year's total central government poverty relief funds to nearly 86.1 billion yuan, which has all been allocated at local levels, the Ministry of Finance said.

Up to 97.4 percent of the funding has gone to 22 provincial regions in the central and western parts of the country, the main battleground for poverty alleviation, said the ministry.

The central government has assigned 196.1 billion yuan of poverty relief funding over the past four years, representing annual average growth of 19.22 percent. This year's funding marks a 30.3 percent increase year on year.

The Chinese government has vowed to lift all impoverished citizens out of poverty by 2020 to build a moderately prosperous society. In 2016 alone, China helped 12.4 million rural residents move above the poverty line.

By the end of last year, there were 43.35 million people living in poverty in China.