Caixin
Sep 23, 2022 04:10 AM
ECONOMY

China Rolls Out Subsidies for the Needy Amid Rising Inflation

China’s August CPI rose 2.5% from a year earlier, down from a 2.7% gain in July.
China’s August CPI rose 2.5% from a year earlier, down from a 2.7% gain in July.

More than 20 cities across China are subsidizing low-income families so they can pay for food and housing in the face of rising inflation, Caixin learned.

China created a mechanism in 2011 to offer temporary subsidies to the needy when the consumer price index, or CPI, a main gauge of inflation, and food prices hit certain thresholds. Each city or provincial-level region sets its own threshold as living costs vary across the vast country.

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