Reuters: China’s Xi trumpets ‘victory’ in campaign to end rural poverty
Thu February, 2021, Age: 2 years
China’s President, Xi Jinping, declared “complete victory” in the attempt to eradicate rural poverty, one of Xi’s “signature initiatives of his eight-year tenure”. Victory was declared in Beijing on Thursday and state media were quick to laud Xi for lifting a purported 100 million people out of poverty. “The CCP’s leadership and China’s socialist system are the fundamental guarantees against risks, challenges and difficulties,” Xi declared. However, some analysts have said that China sets a low threshold for what it considers a poverty line. According to Reuters: “China defines extreme rural poverty as annual per capita income of less than $1.69 a day at current exchange rates. That compares with the World Bank’s global threshold of $1.90 a day.” China has invested 1.6 trillion yuan over the past eight years in combatting poverty.