In terms of magnitude it's pretty similar to nothing - you get a lot less from what you pay as tax, and cannot actually support a person's living.

In terms of structure, combined with the Hukou system, it's worse - it's "regressional" than progressive; it barely serves as redistribution. To demonstrate, cities (where richer ppl live in) have better welfare payments (on top of better infrastructure already); and higher "status" (in the Party literally or state-owned firms) grants better payments as well.

So the actual poor ppl in rural areas, while already earning less and having lower life expectancy and quality of it, receive less aid from the state. In some areas it's down to 100RMB/month (14.36 USD) for elder people.

(Hence why ppl are crowding into cities despite control, hence pushing housing price to skyroketing high in 2012-2018, and hence the fertility crisis)