The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
Market Watch
North American Report
Government Documents
Expat's Eye
Photo Gallery
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue

Government Acts
Special> Aftermath of the Quake> Government Acts
UPDATED: May 21, 2008  
China Offers Temporary Allowance for Quake Victims

The Ministry of Finance said Monday it had allocated 2.5 billion yuan (357 million U.S. dollars) in temporary allowances to support quake victims.

The ministry said the money would go to Sichuan, Gansu, Shaanxi and Yunnan provinces and Chongqing Municipality.

Victims who became homeless or who had lost their means of production or incomes would receive a 10-yuan allowance on a daily basis for three months. Orphans, elders who had lost their family and handicapped victims would have a monthly allowance of 600 yuan.

By 2 p.m. Tuesday, the nation's finance departments at all levels had allocated 11.727 billion yuan to fund relief work in the quake-stricken regions.

China's central bank and the China Banking Regulatory Commission on Monday ordered financial institutions to provide support, including extension of loan maturities, for relief and reconstruction in quake-ravaged regions.

Also on Monday, the Ministry of Finance and State Administration of Taxation announced a package of tax rebates for the hard-hit regions. Individual income taxes, property taxes and so forth will be reduced to help reconstruction.

China extends time to file, pay taxes in quake-hit areas

BEIJING, May 20 (Xinhua) -- The State Administration of Taxation (SAT) said Tuesday that tax payers in quake-hit localities could postpone their declarations.

A powerful quake rocked Wenchuan County, 159 kilometers northwest of the Sichuan provincial capital city of Chengdu last Monday. The death toll in the 8.0-magnitude earthquake has risen to more than 40,000.

The policy affects the hardest-hit jurisdictions of Sichuan, Chongqing, Gansu, Shaanxi, Yunnan, Qinghai and Hubei.

(Xinhua News Agency May 20, 2008)

Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved