U4 Activity3

40 years of reform and Poverty Reduction，内容有： China achieved such success in reducing poverty China's reform and opening-up program:strong economic growth unleashed by reform the important lessons of China's experience A focused and sustained effort targeted at poverty reduction throughout the reform period

40 years of reform and Poverty Reduction

• China achieved such success in reducing poverty
  • the second largest economy in the world
  • one of the few countries thatwill soon have made the journey from being a low-income country to a highincome country.
• China's reform and opening-up program:strong economic growth unleashed by reform
  • followed prescriptionsthat mainstream economists would recommend
  • opening up for trade, foreigninvestment,and new ideas on economic management
  • gradually liberalizingprices, diversifying ownership, and allowing the private sector to flourish
  • strengthening property rights and investing in both infrastructure and people
• the important lessons of China's experience
  • “Crossing the river byfeeling the stones" became China's mode of economic reform.
  • China's approacho reform has also been pragmatic, providing room for the country's ownparticular institutions to emerge
• A focused and sustained effort targeted at poverty reduction throughout the reform period
  • Poverty alleviation received strong political supportfrom the highest levels of government.
  • China set up a dedicated organization to fight poverty.
  • Most of the poor resided-and still reside-in rural areas, so growthin agriculture has been the most effective means of poverty alleviation.
  • China has deliberately targeted resources at the poorest and most vulnerable. (,precision poverty targeting )
  • Rising inequality is a concern for policy makers and the public.
  • China has focused on building human capital. (the gradualextension of compulsory education )