China says it lifted 99 million people out of hardship in the last 8 years  -  and 770 million in 40 years -  eradicating poverty from the world’s largest country

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Armed with World Bank data that says China has contributed to more than 70% of global poverty reduction since the late 70’s, President Xi Jinping declared a complete victory against poverty and called it a miracle that will go down in history.

Xi Jinping poverty miracle“Shaking off poverty is not the finish line, but the starting point of a new life and new endeavor,” Xi noted on his Feb. 25 address that his country’s $246b investment into poverty alleviation over the past eight years has helped impoverished rural residents who lived below the current poverty line in 128,000 villages.

Complete eradication of poverty in China was one of Xi’s main goals when he came to power in 2012, a time when 100m people lived in extreme poverty in remote rural areas. China has a population of around 1.4 billion.

By Milan Sime Martinic