BEIJING: The Chinese central government delivered more than 2.5 trillion yuan (US$389bil or RM1.6 trillion) of directly funnelled fiscal funds to primary-level governments in the first four months through a normalised transfer mechanism to support employment, people’s basic needs and market entities, officials said.
The funds account for about 92% of the total scale planned for this year channelled through the direct fiscal funds transfer mechanism launched in May 2020 after the outbreak of the Covid-19 pandemic.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
