China increases investment in poverty alleviation at multiple levels

2021-04-06 16:04:29CGTN Editor : Wang Yifan ECNS App Download

China has steadily increased funding to support poverty alleviation through a multiple investment system, according to a white paper released on Tuesday.

Over the course of poverty alleviation, investment from governments at all levels totaled nearly 1.6 trillion yuan (about $244 billion), of which about 660.1 billion yuan was from the central budget.

In 2020, funding from the central government for poverty alleviation reached 146.5 billion yuan, while funding from local governments stood at 352 billion yuan.

Other investments for poverty alleviation in the country also include small loans of over 710 billion yuan, re-lending loans of about 668.8 billion yuan, and financial credit of 9.2 trillion yuan for targeted poverty alleviation as of the end of 2020.

Enterprises in eastern China have invested more than 1 trillion yuan as well, the white paper showed.

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