BEIJING, Aug. 5 -- The Ministry of Finance (MOF) said Friday that it has allocated subsidies totaling 137.46 billion yuan (about 20.7 billion U.S. dollars) this year to help people living in poverty.
The subsidies will cover households receiving subsistence allowances, people in dire poverty and those who need temporary assistance, the MOF said in a statement.
The MOF said that local governments must determine the allocation of subsidies for poor people according to a weighted average method.
The Chinese government has named poverty reduction one of its top priorities for the next five years. The government has vowed to help the country's remaining 70 million poor people living below the poverty line of 2,300 yuan in annual income rid themselves of poverty by 2020.
Spectacular bridge with one of the tallest piers in the world
Magnificent view of Hukou Waterfall
A glimpse of Stride 2016 Zhurihe B military drill
US Navy chief tours Liaoning aircraft carrier
Chinese American woman wins Miss Michigan
Centenarian couple takes first wedding photos
Traditional Tibetan costumes presented during fashion show
How did ancient people escape the summer heat
Breathtaking scenery of Hulun Buir grassland
Top 10 livable Chinese cities
Top 20 hottest women in the world in 2014
Top 10 hardest languages to learn
China’s Top 10 Unique Bridges, Highways and Roads
Rio Olympics deserves applause from us
Experts doubt Batie practicality
US eye in South Korea
Expats in China are drawn to the customs and cultural togetherness brought about by Chinese munchiesDay|Week
