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1-min read

China Says Over 12 Million People Lifted Out of Poverty Last Year

In 2015, the Chinese government identified 70.17 million people in the countryside living below the poverty line of 2,300 yuan (USD 376) in annual income at the end of last year.

Press Trust Of India

Updated:March 1, 2017, 10:27 AM IST
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China Says Over 12 Million People Lifted Out of Poverty Last Year
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Beijing: China has lifted 12.4 million people out of poverty last year, a senior official said.

"The progress was partly due to large financial resources, amounting to more than 230 billion yuan (USD 34.33 billion), earmarked by the central and local budgets," Su Guoxia, spokesperson with the State Council Leading Group Office of Poverty Alleviation and Development said.

"More than 30 million poor people from more than 900 counties benefited from these resources," Su was quoted as saying by state-run Xinhua news agency last night.

China's financial institutions issued 818.1 billion yuan of loans to aid the anti-poverty drive, and outstanding loans now stand at 2.49 trillion yuan.

About 8.01 million households have received micro-credit, worth a total of 283.3 billion yuan.

Su said that more financial resources would be added to tackle poverty this year to ensure the government met its annual target to reduce poverty by 10 million people.

In 2015, the Chinese government identified 70.17 million people in the countryside living below the poverty line of 2,300 yuan (USD 376) in annual income at the end of last year.

China has vowed to eradicate poverty by 2020.

To meet this goal, China has to lift 10 million people out of poverty each year from 2016 to 2020.

To accomplish this, China announced plans to relocate 3.4 million people from poverty-stricken communities to more developed areas this year as part of its poverty reduction drive.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Nakshab Khan
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