Poverty alleviation efforts in China has its own features, the Economic Information Daily reported.
The World Bank pointed out in a recent report that China was the first developing country to achieve the UN Millennium Development Goals of eradicating extreme poverty and hunger.
The Asia Poverty Reduction Report 2019, released at the Boao Forum for Asia, is based on data from 47 countries.
Zhou Xiaochuan, vice-chairman of the Boao Forum for Asia and former governor of the People’s Bank of China, shared China’s experiences in enabling its people to lift themselves from poverty.
The first was to engage in economic reform and opening-up. Top-level design of the country’s economic system and attached importance to economic development also affects poverty reduction. Detailed infrastructure, urbanization and education policies play a crucial role in poverty alleviation, while fiscal policies help regulate income distribution, Zhou said.
However as authorities raise the poverty line, the number of people living below it is likely to increase again, warned commentator Zhou Yingwu in a piece for the Economic Information Daily. Authorities must work to prevent people from once again slipping below the poverty line, Zhou wrote.
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