Saturday, December 02, 2006

International Development: World Bank report estimates 60 million Chinese lifted from poverty in three years

The World Bank Poverty Assessment, estimates more than 60 million Chinese were lifted out of poverty in three years from 2001 to 2004. The report, which is still incomplete, gave special mention to China's poverty reduction achievement and the country's expanding income gap problem.

World Bank vice president for East Asia and the Pacific Region, James Adams said in Beijing "China's development experience and contribution to global poverty reduction have been unprecedented," adding "and the Bank is keen to learn how this experience can be shared with other countries".

According to the assessment, China's poverty rate, based on the one dollar per day consumption line, declined from 16 percent of the population in 2001 to 10 percent in 2004, which means more than 60 million people out of poverty.