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How China eradicated absolute poverty


By Asit K. Biswas/Cecilia Tortajada |
China Daily |
Updated: 2021-04-12 07:56
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Abuluoha village, China s last village without a road, is connected to the outside world with its new road in Butuo county, Sichuan province as seen in June, 2020. [Photo/XINHUA]
Within a span of 40 years, China has lifted about 800 million people out of absolute poverty and become the second-largest economy in the world. In 1980 China s per capita GDP was $194.80-10 percent of Brazil ($1,947.28) and 73 percent of India ($266.58). But thanks to years of good economic management and rapid growth, its per capita GDP increased by more than 58 times to $10,216,6 in 2019-nearly 5.45 times of India ($2,099.60) and 1.31 times of Brazil ($8,717.20), according to World Bank data. ....

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