I could be reading it wrong. The government invested 100m+ yuan into the company CellX last year so I wouldnt be surprised if it were subsidized. I can't find any up to date information of other types of cultured meat, seems pork is the cash cow right now. Comments on similar articles says the meat is only available in restaurants right now.
:some-controversy:
Not quite unfortunately, a small amount of animals do have to suffer (though possibly not fatally) for the original stock due to things like cell replication limits, which are hard to turn off while maintaining tissue structure.
It's many orders of magnitude better, though. Omelas Burger.
Vegetarian bacon then!