After 70 years since the founding of PRC, generations of endeavor, China nears goal of eradicating absolute poverty by 2020

[beijingwalker]

After 70 years since the founding of PRC, generations of endeavor, China nears goal of eradicating absolute poverty by 2020

 

[beijingwalker]

Lifting 100 million people out of poverty in 8 year

 

[313ghazi]

What is the definition of absolute poverty?

What lessons can Other countries learn from China's methods?

 

[cgy]

What is the definition of absolute poverty?

What lessons can Other countries learn from China's methods?

In 2019, China defined the extreme poverty population as the population whose annual net income was less than 3737 yuan (net income = total income - household operating expenses - tax expenses - depreciation of productive fixed assets - presenting to relatives and friends in rural areas). In 2020, the standard was slightly raised to about 4000 yuan, that is, the annual disposable income was about 600 dollars.

It is worth mentioning that China's calculation of the poverty population is based on the family, which means that if a family has four non income elderly people, an income adult couple and two minor children, then the standard of extreme poverty is the sum of the couple's annual income - buying enough food for eight people to eat for one year - income tax - depreciation of housing appliances and furniture - gifts for relatives on festivals Material = 4000 * 8 = 32000 RMB. If it is lower than 32000 RMB, 8 members of the whole family will be included in the extreme poverty, while the elderly and children in the family with the amount higher than 32000 RMB are not considered as extreme poverty.

 

[Hamartia Antidote]

What is the definition of absolute poverty?

Poverty threshold - Wikipedia

en.wikipedia.org

Absolute poverty and the International Poverty

The term "absolute poverty" is also sometimes used as a synonym for extreme poverty. Absolute poverty is the absence of enough resources to secure basic life necessities.

To assist in measuring this, the World Bank has a daily per capita international poverty line (IPL), a global absolute minimum, of $1.90 a day as of October 2015.[15]

The new IPL replaces the $1.25 per day figure, which used 2005 data.[16] In 2008, the World Bank came out with a figure (revised largely due to inflation) of $1.25 a day at 2005 purchasing-power parity (PPP).[17] The new figure of $1.90 is based on ICP purchasing power parity (PPP) calculations and represents the international equivalent of what $1.90 could buy in the US in 2011. Most scholars agree that it better reflects today's reality, particularly new price levels in developing countries.[18] The common IPL has in the past been roughly $1 a day.[19]