Home to nearly one-fifth of the world’s population, China’s social policies have a dramatic effect on humanity as a whole. Despite a shift toward allowing capitalist markets in the late 1970s, the socialist state has still accounted for nearly three-quarters of global poverty elimination since then.
China’s State Council Information Office has published a white paper outlining how the socialist country can teach the rest of the world about how to alleviate poverty. In the last 40 years, China has lifted 770 million people out of poverty, declaring an end to its most extreme forms in November.
The paper has five sections, titled “The Solemn Commitment of the CPC,” “Final Victory in the Fight against Extreme Poverty,” “The Strategy of Targeted Poverty Alleviation,” “Exploring a New Path of Poverty Alleviation” and “A Global Community of Shared Future Free from Poverty,” respectively.
Hong Tianyun, deputy head of China’s newly established National Administration for Rural Vitalization, told reporters Tuesday the process involves assessing the poverty threshold and ensuring people’s annual income reaches it, along with meeting all the basic needs of food, clothing, housing, basic medical care and compulsory education. The cutoff, Hong notes, is $610 per year, which is higher than the World Bank’s definition of extreme poverty and equal to the United Nations Sustainable Development Agenda’s goal.
One of the major resources China has to offer the world now is the Belt and Road Initiative, a massive infrastructure megaproject heavily financed by the Chinese government. According to a World Bank study published in 2018, the program will help lift 7.6 million people out of extreme poverty and 32 out of moderate poverty in partnering countries.
Extreme Poverty Eliminated
In November, Chinese President Xi Jinping declared “complete victory” in the 40-year drive to eliminate absolute poverty in China, with an average of 10 million people being lifted up per year for the last decade. According to Xinhua News Agency, over the last 40 years, the country has lifted 770 million people out of poverty, more than 70% of the global total during that time.
As a result, the government is expected to declare achievement of a key victory later this year: creating a “moderately prosperous society in all respects,” which is a milestone on its goal of building “a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious” by 2049, the centenary of the socialist revolution that founded the People’s Republic of China.
Sourse: sputniknews.com
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