Reported 12 days ago
In a rare move, China plans to distribute one-time cash aid to individuals in extreme poverty before the upcoming National Day holiday, as part of a broader effort to stimulate its economy. The announcement follows recent financial measures aimed at addressing an economic slowdown, with the government budgeting 154.7 billion yuan ($22 billion) for assistance to disadvantaged groups this year. This initiative reflects President Xi Jinping's focus on welfare for the underprivileged ahead of significant national celebrations.
Source: YAHOO