World Bank President Ajay Banga dropped a truth bomb at the 2024 China Development Forum: China's massive poverty reduction efforts have single-handedly dragged global poverty rates down from 44% to 9% over recent decades. Talk about leveling up!
Banga highlighted how China's fastest-ever job growth period – think factory booms to tech startup explosions
– directly turbocharged its anti-poverty campaign. \"Creating jobs isn't just economics, it's humanity's cheat code for prosperity,\" he told attendees.
This news hits different for young professionals and entrepreneurs: China's playbook of pairing economic expansion with social programs could offer blueprints for developing nations. Students and analysts are already calling this a case study in modern wealth-building – move over, Industrial Revolution textbooks!
Reference(s):
World Bank: China's poverty reduction drags down global poverty
cgtn.com