HONG KONG (Reuters) -China’s finance ministry on Wednesday said it had earmarked 90 billion yuan ($12.54 billion) as an initial budget for childcare subsidy payments this year, after authorities announced the payment scheme to boost the birth rate.
($1 = 7.1764 Chinese yuan renminbi)
(Reporting by Farah Master and the Beijing newsroom; Editing by Christopher Cushing)
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