Figure 2.9 Poverty rate, 1990–2015
CHAPTER 2 ECONOMIC AND SOCIAL DEVELOPMENT
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Source: World Bank, World Bank Open Data (data.worldbank.org), 2018
Figure 2.8 and 2.9
The World Bank assesses and publishes the international consumption poverty estimates, based on 2011 PPP of US$1.9 per person per day, which is the updated international extreme poverty line. This is equivalent to the previously used 2005 PPP of US$1.25 per person per day. Data indicates that during the 1990–2015 period, 746 million people in China were lifted out of poverty as defined by the updated extreme poverty line, accounting for 65.3 per cent of the total number of people lifted out of poverty in the world during the same period. This is a huge contribution for global poverty alleviation and realization of the Millennium Development Goals (MDGs). The progress of poverty reduction in China has been similarly dramatic when measured by the US$3.2 per person per day standard.