“China has overcome absolute poverty”: Xi Jinping announces the “new era” of Beijing


“It was the greatest and most powerful fight against poverty in the history of humanity. After 8 years of continuous struggle, we have completed the key tasks to alleviate poverty in the ‘new era’ as planned ”. President Xi Jinping announced in front of the Standing Committee of the Politburo that the country “defeated the poverty absolute“, Thus formalizing” the victory “and noting that since the 18th congress of Communist Party of China “The Central Committee united and led the whole party and the people of all ethnic groups of the country ”towards this goal. Xi he then underlined that “according to standard current, i poor of rural areas were raised by the poverty and all the poor counties were removed. In all, he added, “almost 100 million” people have come out of poverty.

In 2020, the absolute poverty threshold was set in China at 4 thousand yuan of annual income, equal to about 1.52 dollars a day, less than the 1.90 dollars set by the World Bank. The goal was set in 2012, at the time of the rise to power of Xi: the formalization falls on the eve of a strategic year given that in 2021 the China will celebrate the 100th anniversary of the Communist Party, and matured a few days after November 23, when the last 9 ‘poor’ counties of the Guizhou on the initial 832 nationals have been removed from the critical list.

Even among the doubts about parameters used and situations that often escape official controls, the China has made great progress in the past 40 years: currently boasts 4 out of every 10 billionaires worldwide, while still having around 600 million people out of the total population of 1.4 billion living with income monthly of $ 150 or less. Xi, in his speech, he recalled “the problem of development unbalanced and insufficient of the China still prominent and the task of consolidating and expanding the results of the reduction of poverty remains arduous “.

The fifth session of the Central Committee, held in late October, traced the strategic vision of the new five-year plan (2021-25) which aims to make the China an economic power centered on consumption interior and self-sufficient in technology. While in the long-term development vision, until 2035, the ambitious goal is the creation of “a great socialist and modern nation”, an innovation leader and with a per capita income from “moderately developed countries”, in fact tripling $ 10,262 in 2019 to reach countries like South Korea e Spain.

The targets cheap e social more detailed ones will take on greater consistency at the annual parliament meeting in March. The strategy, anticipated in May by Xi, is that of the ‘dual circulation’, used in 2008 during the financial crisis. There China wants to be self-sufficient with internal circulation: the cycles of production, distribution and consumption they will be able to count on the enormous basin of 1.4 billion inhabitants, reducing dependence on exports.

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