At a July 22 briefing the Ministry of Finance said it allocated in 1H CNY1.2
trillion in basic pension subsidies to ensure local pension payments are made on
time and in full; CNY386.4 billion in urban and rural basic medical insurance
subsidies to shore up coverage and benefit levels; about CNY100 billion in
childcare subsidies; and CNY24.1 billion for one-year preschool tuition-waiver
subsidies to lower household childbearing and rearing costs.