![\"Human-miracle-China-celebrates-complete-victory-over-poverty-rapid-news-rapidnews-dailyrapidnews\"](\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Human-miracle-China-celebrates-complete-victory-over-poverty-rapid-news-rapidnews-dailyrapidnews-dailyrapid.jpg\")
<\/p>\nChinese President\u00a0Xi Jinping\u00a0celebrated \u201ccomplete victory\u201d in the effort to eradicate rural\u00a0poverty\u00a0at a ceremony in Beijing on Thursday to mark a signature initiative of his eight-year tenure.<\/p>\n
State media credit Xi\u2019s leadership with lifting nearly 100 million people from poverty, a milestone he declared in December and framed as a birthday gift for this year\u2019s 100th anniversary of the ruling Chinese Communist Party (CCP).<\/p>\n
In an hour-long speech, Xi hailed what he called a testament to the party\u2019s leadership and the advantages of China\u2019s political system.<\/p>\n
<\/p>\n
\u201cThe CCP\u2019s leadership and China\u2019s socialist system are the fundamental guarantees against risks, challenges and difficulties,\u201d President Xi said in Beijing\u2019s Great Hall of the People, where he presented medals to key figures in the poverty fight.<\/p>\n
\u201cNo other country can lift hundreds of millions of people out of poverty in such a short time,\u201d he said, adding, \u201cA human miracle has been created that will go down in history.\u201d<\/p>\n
Some global policy experts have said China sets a low bar in its definition of poverty, with sustained investment required to fund continued development in its poorest areas.<\/p>\n
China defines extreme rural poverty as annual per capita income of less than 4,000 yuan ($620), or about $1.69 a day at current exchange rates. That compares with the World Bank\u2019s global threshold of $1.90 a day.<\/p>\n
Xi said China had invested 1.6 trillion yuan in fighting poverty over the past eight years, but did not give figures for spending planned over the next five years.<\/p>\n
In a \u201cNo. 1 policy document\u201d released on Sunday, China vowed to stick with its poverty alleviation policies, while making some adjustments for a five-year transition towards what Beijing calls \u201crural revitalisation\u201d.<\/p>\n
A new National Rural Revitalisation Bureau was set up in Beijing on Thursday, replacing an office for poverty alleviation and development that had been operating since 1993.<\/p>\n
State media highlighted Xi\u2019s role in its publicity of the poverty alleviation milestone. The\u00a0People\u2019s Daily<\/em>, the Communist Party\u2019s main newspaper, mentioned Xi\u2019s name 139 times in a commentary of more than two pages lauding the \u201chistoric leap\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":" Chinese President\u00a0Xi Jinping\u00a0celebrated \u201ccomplete victory\u201d in the effort to eradicate rural\u00a0poverty\u00a0at a ceremony in Beijing<\/p>\n","protected":false},"author":1,"featured_media":5402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-5399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"yoast_head":"\n