Dongguan plans to hand out contemporary subsidy to the city's lower income groups in order to help them cope with the rising living costs, said a spokesperson with Dongguan Financing Bureau on November 24.
Dongguan plans to hand out contemporary subsidy to the city's lower income groups in order to help them cope with the rising living costs, said a spokesperson with Dongguan Financing Bureau on November 24.
The municipal government will hand out a monthly 60-yuan ($9) to each of its low-income earners from November to next January, said the spokesperson. The plan is expected to cost over 10 million yuan ($1,503,850) of the government s budget.
This one-off subsidy is to help those suffering from increased living costs due to recent price hikes. China's consumer price index (CPI), the main gauge of inflation, rose to a 25-month high of 4.4 percent in October. The hike was mainly due to a 10.1-percent surge in food prices. Food prices have a one-third weighting in China's CPI calculation.
(By Morvin Chow)
