Beijing Pledges 33.1 Billion Yuan for Poverty Alleviation over Five Year Period

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The Chinese central government has stepped up investment in poverty alleviation measures for the upcoming five year period.

State media reports that China’s central financial units have launched 224 poverty alleviation policies since the 18th Party Congress was held in October last year, allocating 33.1 billion yuan in poverty alleviation funds to targeted counties across the country.

The funds are estimated to impact an impoverished population of over 720,000, while state media also claims that such efforts have brought 866,000 households and 3.12 million people from 64 state-level poor counties out of poverty.

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