A year ago, the Chinese government announced that it had eliminated absolute poverty in China, a month before President Xi Jinping’s self-imposed deadline for achieving his signature aim. To meet this goal, the central government has spent tens of billions of dollars — almost $21 billion in 2020 alone — steadily ratcheting up anti-poverty spending every year this century.
Data: National Bureau of Statistics China Statistical Yearbook
But where has all of this money gone? Much a
Subscribe or login to read the rest.
Subscribers get full access to:
- Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
- A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
- A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our
Subscriptions page for details.
