Shanghai's scheme is the one to understand most carefully, because it is split into three types rather than running as a single award. Type A is full funding — tuition, accommodation, stipend and insurance. Type B is partial tuition. Type C is partial funding aimed at outstanding students. Which type you are considered for depends on the university, and the difference between Type A and Type B is the difference between a funded year and a mostly self-funded one.
Shanghai also carries the highest living costs we track, which is why the scheme's structure matters so much here rather than in a cheap city. A Type B award that would be comfortable in Chengdu leaves a gap in Shanghai. Four of the universities we cover are here, and two of them — Fudan and Shanghai Jiao Tong — are among the strongest applicants in the country, so the Type A quota is thin even before competition is counted.