China has lifted nearly 800 million people out of poverty in the past 40 years

2022-07-22 0 By

Today, the Ministry of Finance, the Development Research Center of The State Council and the World Bank jointly released the report forty Years of Poverty Reduction in China: Driving Forces, Lessons learned and Future Policy Directions, which gives a comprehensive review of China’s poverty reduction achievements.The report “40 Years of Poverty Reduction in China: Driving Forces, Lessons learned and Future Policy Directions” shows that in the past 40 years, the number of people living in Poverty in China has been reduced by nearly 800 million, accounting for more than 75 percent of global poverty reduction in the same period, according to the World Bank’s global absolute poverty standard of us $1.90 per person per day.According to the report, China’s efforts to tackle absolute poverty mainly rely on two pillars: one is broad-based economic transformation, which has provided new development opportunities for the poor and continuously raised their income level;Second, the government will implement targeted poverty alleviation policies to eliminate long-term poverty in poverty-stricken areas affected by geographical environment and other factors.The targeted poverty alleviation strategy for poor people has effectively solved the “last mile” problem, which is of great significance for eliminating absolute poverty.