China announces one-off cash handouts for those in extreme poverty

SINGAPORE: China’s government has announced a unique one-off money handbook to those living in extreme hunger, a moment after unveiling broad measures to improve the country’s struggling economy. &nbsp,

According to a statement released on Wednesday ( Sep 25 ), China’s Ministry of Civil Affairs said in a statement that the subsidies will be distributed to disadvantaged groups, including children and the poor.

According to the ministry statement, regional governments should make sure resources reach those in need by October 1 to show” the group and the government’s love and care for people in want.” &nbsp,

The amount of money each person may receive and how much the Chinese government may be impacted by the move was not disclosed in the statement. &nbsp,

This week, China unveiled a massive stimulus package that would inject about 1 trillion yuan ( US$ 142 billion ) of long-term liquidity into the country’s struggling financial market. On Tuesday, China’s central banks key Pan Gongsheng outlined strategies to further help the home business, which included cutting interest rates on mortgages. &nbsp,

The news comes in addition to being made ahead of China’s National Day, which is observed every on October 1. &nbsp,

The majority of Chinese social media users have been good about the news. &nbsp,

On the famous Sina Weibo blogging page, Wang Shacheng, an Associate Professor at the Central University of Finance and Economics in Beijing, said the one-off pamphlets were an “important estimate” in improving the people’s lives. &nbsp,

” Not only does this represent the Party and the Government’s serious concern for those in need, but it is also an essential measure to protect and enhance the person’s livelihoods”, he wrote. &nbsp,

Nevertheless, some Weibo users expressed fears that the money is not going to those in need. ” We should be cautious that the support does not drop into another person’s wallet”, the person said. &nbsp,

Another expressed concern that corrupt government officials had pocket the funds for personal use. &nbsp,