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China has proved that where there is the will there is the way to eradicate poverty

President Xi Jinping stated that abject poverty had been eradicated in China. This is a milestone in contemporary history and one of the greatest achievements of the Communist Party of China since its founding 100 years ago. Since the beginning of reform and opening-up more than four decades ago, the Chinese government has lifted more than 770 million people out of abject poverty. This was the main reason China's extreme poverty rate fell to 1 percent in 2019, from 88.3 percent in 1981. Over the past eight years, China has lifted 98.99 million poor rural residents under the current poverty line out of poverty. These achievements have allowed China to contribute to 70 percent of the global poverty reduction goal.

China's triumph over extreme poverty is so remarkable that this victory cannot be ignored by the countries of the Global South. The Chinese experience provides some general pointers on how to reduce poverty and how it is an achievable goal when there is adequate leadership, strong political will, both a medium and long-term vision, and adequate public policy to identify vulnerable groups, analyze the factors behind poverty and design and implement the appropriate public policies to overcome them.

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