China Rolls Out Subsidies for the Needy Amid Rising Inflation
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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