China Systematic Country Diagnostic : Towards a More Inclusive and Sustainable Development
The 19th National Congress of the Communist Party of China (CPC) reaffirmed the country’s commitment to eliminating poverty and promoting shared prosperity and inclusive growth. In this regard, the China systematic country diagnostic (SCD) is suppo...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/147231519162198351/China-Systematic-Country-Diagnostic-towards-a-more-inclusive-and-sustainable-development http://hdl.handle.net/10986/29422 |
| Summary: | The 19th National Congress of the
Communist Party of China (CPC) reaffirmed the country’s
commitment to eliminating poverty and promoting shared
prosperity and inclusive growth. In this regard, the China
systematic country diagnostic (SCD) is supportive of the
priorities of the Party Congress. China’s historic rapid
growth resulted in a poverty decline unprecedented in its
speed and scale. Rapid growth was made possible by a wide
range of reforms, which transformed a state-dominated,
planned, rural, and closed economy to a more market-based,
urbanized, and open economy. China is on its way to
eliminating extreme poverty, but the population vulnerable
to poverty will remain relatively large. China is expected
to continue to make strong progress toward eliminating
extreme poverty despite the slowdown of economic growth. The
World Bank projects extreme poverty, based on the
international public private partnership (PPP) United States
(U.S.) 1.90 dollars per day poverty line, to decline to 0.5
percent by 2018. According to this higher poverty line,
China is projected to have a poverty rate of 3.9 percent or
54.6 million people below this higher poverty line by 2018. |
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