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China allocates another 3.78 bln yuan in subsidies to offset fuel hikes

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BEIJING - The Ministry of Finance said late Friday it allocated another 3.78 billion yuan (548 million U.S. dollars) in subsidies to help low-income families against the latest fuel price hikes announced a day earlier.
Of the total, 1.85 billion yuan will go to urban low-income families, and the rest will be offered to such families in rural areas, the ministry said.

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Sunday 22 June, 2008 06:07 PM

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