The World Bank has decided to promote China's experience in poverty
reduction at the coming World Poverty Reduction Conference this May
in Shanghai.
Michael Klein, managing director of the Bank, says that the
positive results of China's efforts to reduce poverty, especially
by means of boosting the private sector, is a surprise to him and
many other foreigners.
He
pledges that he will introduce and promote the experience to
countries that are also troubled by poverty.
Official statistics shows that China's private sector creates about
six million jobs annually, three fourths of the country's new
employment opportunities.
This greatly helps the efforts to alleviate poverty.
The number of people living under the poverty line in China dropped
from 250 million in 1978 to 29 million by the end of last year.
(CRI April 14, 2004)
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