China makes tremendous achievements in poverty reduction: U.S. economist

China's poverty alleviation experience provides lessons for many countries, U.S. economist Jeffrey Sachs said in a recent video interview with Xinhua.

February 07, 2021


Abstract : China’s poverty alleviation experience provides lessons for many countries, U.S. economist Jeffrey Sachs said in a recent video interview with Xinhua.

Washington D.C., Feb. 7 (Xinhua)– China’s poverty alleviation experience provides lessons for many countries, U.S. economist Jeffrey Sachs said in a recent video interview with Xinhua.

Sachs said that China has done more to reduce extreme poverty in a short period of time than any other country in history, adding that China shows strength in long-term planning of infrastructure.

He called on the U.S. to set a long-term plan to transform the economy into a green, digital-based economy.

China has been a world champion on poverty reduction. Since the founding of the People’s Republic of China in 1949, it has lifted over 800 million people out of poverty, which represent over 70 percent of global poverty reduction.

Keyword: poverty reduction insight

 

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