At the China Development Forum 2024, Ajay Banga, president of the World Bank Group, emphasized the pivotal role of the Chinese mainland in global poverty reduction. He highlighted that the global poverty rate has dramatically decreased from 44 percent to 9 percent, a change significantly influenced by the Chinese mainland's success in this area.
Banga attributed this achievement to the Chinese mainland's explosive job growth, which coincided with its fastest period of poverty reduction in history. \"Creating jobs is the surest way to combat poverty and grow prosperity,\" he stated, underscoring the importance of sustainable economic policies and employment opportunities in fostering global well-being.
The remarkable synergy between job creation and poverty alleviation in the Chinese mainland serves as a model for other nations seeking to address economic disparities. As the world continues to navigate complex economic challenges, insights from the Chinese mainland's strategies provide valuable lessons for promoting inclusive growth and reducing poverty worldwide.
Reference(s):
World Bank: China's poverty reduction drags down global poverty
cgtn.com
