$93b to be spent on moving 10 million people
China will spend 600 billion yuan ($93 billion) in the next five years to relocate about 10 million impoverished people, an official said.
The investment at all government levels should match the determination of the central government in fighting poverty, Su Guoxia, spokesperson of the State Council Leading Group Office of Poverty Alleviation and Development, said at a press conference.
In 2016, spending on poverty alleviation by the central and provincial governments will increase by a large margin, Su added.
At the end of last year, 70 million people in the countryside lived below China’s poverty line of 2,300 yuan in annual income by 2010 price standards.
Stephon Marbury, a two-time NBA star and three-time Chinese Basketball Association champion,is expected to be given a Chinese “green card”, or permanent residence permit, later this month. Marbury, 38, left the US and a $20 million contract six years ago to play pro basketball in China. He is so popular in his adopted hometown of Beijing that he was named an honorary citizen of the city.