China to Distribute 150 Billion Yuan in One-Off Cash Relief to Low-Income Groups, Overseen by State Council

Sep 25, 2024, 11:52 AM

China has announced a plan to distribute 150 billion yuan in cash relief to low-income groups, including individuals in extreme poverty and orphans. This one-off living subsidy is part of the country's fiscal stimulus efforts and is timed to coincide with the 75th founding anniversary of the People's Republic of China. The state council will oversee the distribution of this one-time money. The move aims to improve general social welfare and demonstrates the government's ability to provide targeted financial aid.