On 25 February 2021, the Chinese government announced that extreme poverty had been abolished in China, a country of 1.4 billion people. This historic victory is a culmination of a seven-decade-long process that began with the Chinese Revolution of 1949. The early decades of socialist construction laid the foundation that was deepened during the reform and opening-up period. During this time, 850 million Chinese people were lifted and lifted themselves out of poverty; that is to say, 70 percent of the world’s total poverty reduction took place in China. In the most recent ‘targeted’ phase that began in 2013, the Chinese government spent 1.6 trillion yuan (US$246 billion) to build 1.1 million kilometres of rural roads, bring internet access to 98 percent of the country’s poor villages, renovate homes for 25.68 million people, and build new homes for 9.6 million others.
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