Covid Vaccinations Cost China $21.5 Billion Over Two Years

What’s new: China spent 150 billion yuan ($21.5 billion) in 2021 and 2022 to vaccinate the world’s largest population against Covid-19, according to the National Healthcare Security Administration (NHSA).

The expenses include the purchase of vaccine shots and inoculation costs, paid by the state-run medical insurance fund and fiscal subsidies, according to the administration.