Over the last four decades, China has achieved significant results in poverty alleviation and reduction. From 1978 to 2018, the number of impoverished people dropped from 770 million to 16.6 million, and the poverty rate dropped from 97.5 percent to 1.7 percent. Check out this video and have a look at how China lifted hundreds of millions of people out of poverty.
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, August 14, 2019
CGTN - How did China lift hundreds of millions of people out of poverty?
It's a CGTN Chinese state broadcaster video so it certainly has some spin on it, but it's interesting viewing just the same.
Over the last four decades, China has achieved significant results in poverty alleviation and reduction. From 1978 to 2018, the number of impoverished people dropped from 770 million to 16.6 million, and the poverty rate dropped from 97.5 percent to 1.7 percent. Check out this video and have a look at how China lifted hundreds of millions of people out of poverty.
Over the last four decades, China has achieved significant results in poverty alleviation and reduction. From 1978 to 2018, the number of impoverished people dropped from 770 million to 16.6 million, and the poverty rate dropped from 97.5 percent to 1.7 percent. Check out this video and have a look at how China lifted hundreds of millions of people out of poverty.
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