Roughly $112 Million of ‘Poverty Relief’ Funds Misused by the Chinese Regime

Zheng Yuzhi, whose apartment was demolished by authorities three months ago and is now homeless, in an area once filled with housing for migrant workers, in the Changing District of Beijing, China, on December 5, 2017. Kevin Frayer/Getty Images

During a press conference following a session of China’s rubber-stamp parliament on March 7, China’s Ministry of Finance admitted that the regime misappropriated 730 million yuan (approximately $112.2 million) in “poverty relief” funds last year.

Since taking power, Chinese leader Xi Jinping has vowed to eradicate rural poverty completely by 2020—making it a major political priority to prevent income inequality from causing social instability and chaos for the regime.