China Announces One-Time Cash Handouts for Extreme Poverty Ahead of National Day
The financial aid aims to support orphans and the extremely poor, as part of broader economic stimulus measures.
- The handouts will be distributed to disadvantaged groups, including orphans and those in extreme poverty, before October 1.
- This initiative is part of a broader stimulus package designed to inject 1 trillion yuan into China's struggling economy.
- China's Ministry of Civil Affairs emphasized the importance of timely distribution to show government support for those in need.
- Reactions on Chinese social media have been mostly positive, although concerns about corruption and effective distribution persist.
- The announcement coincides with efforts to promote high-quality employment and address youth joblessness in the country.