Chinese Government Announces Rural Subsidies
http://www.chinadaily.com.cn/bizchina/2009-02/28/content_7522558.htm
Subsidies to spur rural spending
By Diao Ying (China Daily)Updated: 2009-02-28 08:14
In an effort to boost the economy in China, the goverenment has initiated a plan to pump 20 billion yuan into the rural economy. The goal is to increase rural spending on home appliances and to develop a retail network throughout rural areas. Officals expect to create 1 million new rural jobs this year and also hope the 20B yuan infusion will result in upwards of 150B yuan in rural spending. People living in rural areas in China earn 3.5 times less than their counterparts in the urban areas.
Subsidies to spur rural spending
By Diao Ying (China Daily)Updated: 2009-02-28 08:14
In an effort to boost the economy in China, the goverenment has initiated a plan to pump 20 billion yuan into the rural economy. The goal is to increase rural spending on home appliances and to develop a retail network throughout rural areas. Officals expect to create 1 million new rural jobs this year and also hope the 20B yuan infusion will result in upwards of 150B yuan in rural spending. People living in rural areas in China earn 3.5 times less than their counterparts in the urban areas.
posted by ASWALD01 at 12:30 PM
1 Comments:
how far away from a city do they have to live to be counted as being rual?
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