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China Raises Poverty Line by 80 pct to Benefit over 100 mln

 

China announced on Nov. 29 a new standard for defining poverty as it aims to bridge the country's yawning wealth gap.

The central authorities have decided to raise the poverty threshold to 2,300 yuan (362 U.S. dollars) in terms of the annual net income of farmers, up over 80 percent from the 1,274 yuan standard in 2010.

The sharp increase brings China's poverty line closer to the international standard of 1.25 dollars a day, the standard that was established by the World Bank in 2008.

A government white paper on poverty reduction released earlier this month showed that the country reduced its poverty-stricken population in rural regions to 26.88 million by the end of 2010 from 94.22 million a decade ago.

The new poverty line will make 128 million people eligible for government anti-poverty subsidies, according to experts.

Speaking at a national poverty alleviation meeting held on Nov. 29 at the Great Hall of the People, President Hu Jintao said that poverty reduction is a "significant and urgent task."

Hu called on all members of the Communist Party of China (CPC) and society to concretely carry out poverty alleviation work with "greater resolve, intensified efforts, and more effective actions and measures" in order to achieve the country's target of building a comprehensively well-off society by 2020.

 

Source: Xinhua

VOL.59 NO.12 December 2010 Advertise on Site Contact Us