China's finance ministry allocates $6.7 billion for pre-school education this year
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A teacher gives a class to children at a preschool in Xujiashan village, in Haitang township, during a government-organised media tour in Liangshan Yi Autonomous Prefecture, Sichuan province, China September 10, 2020. REUTERS/Tingshu Wang/File Photo
BEIJING, May 8 (Reuters) - China has allocated 45.8 billion yuan ($6.73 billion) in funding to support the development of pre-school education this year, state broadcaster CCTV said on Friday.
The allocation from the Finance Ministry was 38% higher than the funds earmarked for the same segment last year, to focus support for local authorities in waiving pre-school education fees and improve childcare quality, CCTV said.
($1 = 6.8014 Chinese yuan renminbi)
(Reporting by Liz Lee and Beijing newsroom; Editing by Muralikumar Anantharaman)
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