AN ANALYSIS OF POVERTY REDUCTION POLICIES OF XI JINPING

Abstract

This paper aimed at analyzing the poverty reduction policy of the president Xi Jinping by taking a look into the macroeconomic situations that related to poverty reduction, the poverty reduction policy procedures, and the concept of implementation of China's poverty reduction policy. The study found Important events contributing to the transformation of economic and society structure and poverty reduction. These include the post great reform (1953 - 1977), during the reformation period (1978 - 2000) and post country reformation (2001 - present). China has established four steps to reduce poverty: Phase one is poverty reduction from systemic reforms (1979-1985), phase two is poverty reduction through inter-development (1986-2007), phase three is the use of two systems to reduce poverty between 2008-2012, and phase four is the targeted poverty alleviation (2013-present). The poverty reduction policy of Xi Jinping follows four profound concepts. First, the targeted proof. Second, the helping to reduce poverty on the spot. Third, the management at the point. And fourth, targeted inspection. As a result, China has effectively reduced the number of Chinese people. The number of poor fell from 405 million in 2002 to 7.2 million in 2016, or 98.2 percent in just 14 years.