Reflecting the fact that most of China's population lives in the countryside, 95.2 percent of all elementary schools, 87.6 percent of junior high schools and 71.5 percent of senior high schools are in rural areas, with 160 million students at the compulsory education stage. The 1995-2000 "National Project of Compulsory Education in Impoverished Areas" involved the allocation of 3.9 billion special funds from the central finance and 10 billion yuan raised by local governments to improve schooling conditions in impoverished areas. In 2004, various special funds allocated by the central finance for compulsory education in rural areas reached 10 billion yuan, a 72.4 percent increase on the 2003 figure of 5.8 billion.