CHINA China's poverty relief fund tops 139 billion yuan in 2020


China's poverty relief fund tops 139 billion yuan in 2020


17:33, March 31, 2020

A herdswoman from a cooperative milks sheep in Rutog county of Ngari prefecture, Southwest China's Tibet autonomous region, on Aug 4, 2019. (File photo: Xinhua)

BEIJING, March 31 (Xinhua) -- China's 2020 fund for poverty alleviation has added up to 139.6 billion yuan (about $19.7 billion) after the central government dispensed 26.03 billion yuan to local governments recently, the Ministry of Finance (MOF) said Tuesday.

The fund will mainly be channeled to support areas in deep poverty, such as parts of Tibet autonomous region, Xinjiang Uygur autonomous region, and provinces of Sichuan, Qinghai, Gansu and Yunnan.

Meanwhile, the MOF will give more support to regions hard hit by the novel coronavirus outbreak, and areas with large amounts of residents relocated from poverty-stricken areas.

The ministry vowed to fast-track the fund allocations and closely monitor the use of the fund.

China aims to eradicate absolute poverty by 2020. As the deadline approaches, the country is focusing on the nation's poorest people, who mainly dwell in deep mountains with adverse natural environments and backward infrastructure, or have special needs.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue