China Distributes CNY1.9 Billion of Price Subsidies Amid Covid-19 Impact
Dou Shicong
DATE:  Apr 10 2020
/ SOURCE:  Yicai
China Distributes CNY1.9 Billion of Price Subsidies Amid Covid-19 Impact China Distributes CNY1.9 Billion of Price Subsidies Amid Covid-19 Impact

(Yicai Global) April 10 -- China has provided a total of CNY1.88 billion (USD267 million) as price subsidies to support low-income people during the Covid-19 epidemic.

The subsidies aim to mitigate the epidemic's impact on those living in difficulties, said Yi Peizhuang, an official with China's Ministry of Civil Affairs, at a press conference in Beijing today.

In the hardest-hit province of Hubei, about 3.7 million people received a total of CNY440 million of price subsidies, Yi said.

Editor: Dou Shicong

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Keywords:   Price Subsidies,Covid-19