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CGTN – How did China lift hundreds of millions of people out of poverty?

Summary:
It's a CGTN Chinese state broadcaster video so it certainly has some spin on it, but it's interesting viewing just the same.Over the last four decades, China has achieved significant results in poverty alleviation and reduction. From 1978 to 2018, the number of impoverished people dropped from 770 million to 16.6 million, and the poverty rate dropped from 97.5 percent to 1.7 percent. Check out this video and have a look at how China lifted hundreds of millions of people out of poverty. [embedded content]

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It's a CGTN Chinese state broadcaster video so it certainly has some spin on it, but it's interesting viewing just the same.

Over the last four decades, China has achieved significant results in poverty alleviation and reduction. From 1978 to 2018, the number of impoverished people dropped from 770 million to 16.6 million, and the poverty rate dropped from 97.5 percent to 1.7 percent. Check out this video and have a look at how China lifted hundreds of millions of people out of poverty.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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