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Temporary subsidies to soften impact
Source: Xinhua |
November 24, 2010, Wednesday
|
Print Edition
Print Edition
CHINA'S Ministry of Civil Affairs yesterday urged local authorities to map out temporary subsidy plans for both urban and rural low-income groups to help them cope with food price hikes.
A rise in the prices of daily necessities has affected low-income people's lives, Vice Minister of Civil Affairs Luo Pingfei said. "We will try to ensure their basic lives and minimize the impact of price rises."
Luo told local authorities to determine the period of time to pay the subsidies.
China's consumer price index, the main gauge of inflation, rose to a 25-month high of 4.4 percent in October. The increase was mainly due to a 10.1-percent surge in food prices.
Luo said he hopes the country establishes a mechanism to link subsidies for low-income groups to changes in the CPI.
The vice minister said low-income residents will receive the temporary subsidies with this month's minimum subsistence allowance.
A rise in the prices of daily necessities has affected low-income people's lives, Vice Minister of Civil Affairs Luo Pingfei said. "We will try to ensure their basic lives and minimize the impact of price rises."
Luo told local authorities to determine the period of time to pay the subsidies.
China's consumer price index, the main gauge of inflation, rose to a 25-month high of 4.4 percent in October. The increase was mainly due to a 10.1-percent surge in food prices.
Luo said he hopes the country establishes a mechanism to link subsidies for low-income groups to changes in the CPI.
The vice minister said low-income residents will receive the temporary subsidies with this month's minimum subsistence allowance.
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