China’s Localities Spent Hundreds of Billions of Yuan on Pandemic

How much did China spend trying to stamp out widespread Covid flare-ups last year? No national statistics are yet available, but local authorities’ recent budget plans do shed some light.
Local spending on efforts to contain the virus and vaccinate the public climbed into the hundreds of billions of yuan over the past year, Caixin calculations based on government data showed.

- PODCAST
- MOST POPULAR