Why it matters:
Ensuring the provision of subsidies and enhancing the living conditions of low-income groups has consistently been a priority and challenge for the Chinese government.
What they're saying:
Some economic experts believe that the government keeps the prices of some food items stable by providing subsidies to production.
Lui a researcher in social issues: "Subsidy amounts vary by region, with higher subsidies in developed areas and special holiday subsidies for retirees in the south. These subsidies reflect the government's care for the poor."
Wang a journalist says: "Chinese people receive subsidies on basic goods like grains and vegetable oil. However, the impact is indirect, as subsidies are given to the manufacturing sector and farmers to lower production costs, rather than directly to consumers."
Key points:
- Subsidy allocation for basic goods is purposeful.
- Industrial growth and higher employment rates have successfully stabilized family incomes.
- A special subsidy is allocated for those who begin a start-up in their hometown.
Go deeper:
China's Push for Smart Agriculture Set to Strengthen Food Security
