Fight against poverty: In the last decade, China has expanded the allocation of subsidies to the vulnerable population

China’s welfare system supports an average of more than 40 million people living on daily wages and nearly 5 million vulnerable people annually.

This Thursday (8), China’s Vice Minister of Civil Affairs, Zhan Chengfu, presented the balance of the area in the last decade, between 2012 and 2021. He said that the average living subsidy of urban and rural Chinese residents has increased. 1.2 times, or 2.1 times, and that the basic standard of living of people living in extreme poverty exceeded local subsistence by 1.3 times.

The ministry helps provide daily wages to those who cannot lift themselves out of poverty through their own efforts, Zhan pointed out. He added that a total of 19.36 million registered impoverished persons were lifted out of poverty.

The country has also provided more care for the elderly and benefited more than 36 million elderly people with various subsidies, according to Li Banghua, deputy director of the Department of the Elderly.

In addition, greater support was provided to elderly people with special difficulties. Li pointed out that in the first quarter of 2022, a total of 14.2 million elderly people were covered by urban and rural subsidies for living.

Aged care facilities have doubled since 2012 to reach 360,000 facilities and facilities with more than 8.1 million beds as of March this year.

Comprehensive community service facilities have improved to 100% coverage in urban areas and 79.5% coverage in rural areas. According to ministry official Chen Yueliang, during China’s fight against Covid-19, about 4 million social workers worked in urban and rural communities to protect themselves from the disease.

China’s foreign trade maintains growth as economic recovery consolidates

Xinhua – Container Terminal in Qingdao Port, East China’s Shandong Province.

China’s foreign trade in goods jumped 10.1% year-on-year to 27.3 trillion yuan (about US$3.95 trillion) in the first eight months of 2022. In dollar terms, total foreign trade reached $4.19 trillion in that period, which is an increase of 9.5% compared to the previous year. This is shown by data published this Wednesday (7) by the General Customs Administration (GAC).

This result of China’s foreign trade maintained the growth momentum between January and August. The positive indicator points to economic recovery as the Chinese government continues to implement measures to stimulate economic growth and stabilize foreign trade.

Exports rose 14.2% year-on-year to 15.48 trillion yuan. Imports rose 5.2% year-on-year to 11.82 trillion yuan, leading to a trade surplus of 3.66 trillion yuan.

In August alone, the country’s foreign trade volume rose 8.6% year-on-year to 3.71 trillion yuan, with exports and imports growing 11.8% and 4.6% year-on-year, respectively.

From January to August, China’s trade with its three main trading partners – the Association of Southeast Asian Nations, the European Union and the United States – grew by 14%, 9.5% and 10.1% respectively.

During this period, China’s trade with the Belt and Road countries grew 20.2% year-on-year to 8.77 trillion yuan.

The export of mechanical and electrical products increased by 9.8 percent, with a share of 56.5 percent in total exports, and the export of labor-intensive products increased by 14.1 percent compared to the previous year.

In addition to delivering a package of economic stabilization policies in May, China unveiled a further 19 additional policies to forge greater synergy, according to a decision made at an executive meeting of the State Council in August.

The country’s Ministry of Commerce has announced that it will foster new business models such as cross-border e-commerce and marketplace purchases to stabilize foreign trade. The portfolio will also provide greater support for the export of new energy vehicles, take steps to make it more convenient for foreign trade companies to do business abroad and help them deal with financial risks.

Private companies saw imports and exports grow 14.9% year-on-year to 13.68 trillion yuan in the first eight months, accounting for 50.1% of the country’s total.

The commercial value of foreign-invested companies increased in the same period by 2.4%, and that of state-owned companies by 15.1%.

Xi Jinping is encouraging efforts to boost business innovation

Chinese President Xi Jinping called for efforts to promote business innovation and encourage more innovative and specialized small and medium enterprises (SMEs).fair (8) in Nanjing, east China’s Jiangsu Province.

The death toll from the Sichuan earthquake in China has risen to 86

This Thursday (8), the death toll rose to 86 in the 6.8-magnitude earthquake that struck Luding County, southwest China’s Sichuan Province, on Monday (5). Fifty people were killed in Tibet’s Ganzi Autonomous Prefecture, and another 36 died in the city of Ya’an.

China’s space station: Shenzhou-14 Taikonauts talk to young people in Africa

CGTN

Three taikonauts on Shenzhou-14, currently on the Chinese space station on a six-month mission, spoke to students from eight African countries via video link on Tuesday.

Taikonauts Chen Dong, Liu Yang and Cai Xuzhe were sent into orbit in June to help assemble the state’s space station and spent more than three months in space.

The trio answered questions ranging from their life in orbit to science experiments conducted on the space station, from students from Algeria, Egypt, Ethiopia, Namibia, Nigeria, Senegal, Somalia and South Africa.

The event, hosted by the Chinese Mission to the African Union (AU), the China Manned Space Agency (CMS) and the African Union Commission (AUC), was broadcast live on CGTN’s digital platforms. It is the first time taikonauts have spoken directly to African teenagers.

With information from Xinhua and CGTN

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