$13 bil­lion al­lo­cated early for poverty fight

China Daily European Weekly - - News Digest -

The cen­tral gov­ern­ment has dis­pensed part of its 2019 poverty al­le­vi­a­tion fund in ad­vance to lo­cal gov­ern­ments, the Min­istry of Fi­nance said on Nov 27. The poverty al­le­vi­a­tion fund al­lo­cated to 28 prov­inces, au­ton­o­mous re­gions and mu­nic­i­pal­i­ties to­taled nearly 91 bil­lion yuan ($13 bil­lion; 11.5 bil­lion eu­ros; £10.2 bil­lion), ac­count­ing for 86 per­cent of the amount recorded last year, ac­cord­ing to the min­istry.

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