Chinese President Xi Jinping said that the country has completely eradicated absolute poverty.
He announced this at a meeting on the occasion of awarding those who distinguished themselves in the fight against poverty, Xinhua reported.
According to Xi Jinping, in the world's largest country in terms of population, absolute liquidation has been eliminated. As noted, over the past eight years, the last 98.99 million peasants living below the poverty line were lifted out of poverty. 832 counties and 128 thousand villages were excluded from the list of the poor.
Since the beginning of the implementation of the reform and opening-up policy in the late 1970s, 770 million rural residents have lost poverty in accordance with the criterion in force in China.
Over the past eight years, nearly 1.6 trillion yuan (about $ 246 billion) has been invested in poverty alleviation.
As noted, the country has achieved the goal of overcoming poverty set by the UN Sustainable Development Program by 2030, 10 years ahead of schedule.
However, some global policy experts point out that China sets a low bar in the definition of poverty.
In rural areas, poverty is considered to be less than 4,000 yuan a year ($ 620), or about $ 1.69 a day, Reuters notes. The corresponding limit set by the World Bank is $ 1.90 per day.