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  made remarkable prog
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09.11.2018 02:25
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by William M. Reilly

UNITED NATIONS, May 22 (Xinhua) -- A senior UN official said here Monday that China has made great strides in poverty reduction and could be a "role model" for other nations in this aspect.

Wu Hongbo, UN under-secretary-general for economic and social affairs and chairman of UN Inter-agency Task Force on Financing for Development Jordan 6 Low For Sale , made the remarks in a press press after the group issued a report at the UN headquarters.

According to the press release accompanying the report, Financing for Development: Progress and Prospects, "continued slow global economic growth" and ""the challenging global environment in 2016" are likely to leave about 6.5 percent of the world population extremely poor in 2030 without national actions supported by international cooperation."

Achieving poverty eradication by 2030 is the No. 1 Sustainable Development Goal (SDG). The group noted that a continuation of the status quo would severely hamper efforts to achieve the SDGs by 2030.

Wu lauded China, among other countries Jordan 4 Low For Sale , for reducing the number of population living in abject poverty from 50 million to 40 million in merely one year.

He said that Beijing has made remarkable progress and could "be a role model" for other nations to combat poverty.

According to the report, the global challenges includes "not only economic factors, such as challenging macroeconomic conditions, low commodity prices Jordan 11 Low For Sale , slow trade growth, and volatile capital flows, but also humanitarian crises."

"Least developed countries (LDCs) will fall short by large margins," it read.

Wu said there were still 50 million people living in extreme poverty in China last year Jordan 1 Low For Sale , "but the Chinese governments and people managed to pull 10 million people from extreme poverty in just one year."

"What is more encouraging is it is planning to help the other 40 million people out of extreme poverty by the year 2020. So, 10 million people every year for the next four years. That is 10 years ahead of the UN SDG first goal," he said.

"That is not only impressive for China but it's also a role model for the other countries in their efforts to eradicate extreme poverty," he added.

Wu explained that he has learned that accountability was key in the Chinese success story.

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