"Over the past 40 years, the number of people in China with incomes below $1.90 per day – the International Poverty Line as defined by the World Bank to track global extreme poverty– has fallen by close to 800 million. With this, China has contributed close to three-quarters of the global reduction in the number of people living in extreme poverty. At China’s current national poverty line, the number of poor fell by 770 million over the same period. To take stock of this achievement, a joint study – “Four Decades of Poverty Reduction in China: Drivers, Insights for the World, and the Way Ahead” – was undertaken by China’s Ministry of Finance, the Development Research Center (DRC) of the State Council, and the World Bank, with the China Center for International Knowledge on Development (CIKD) acting as the implementing agency. The report looks at the key drivers of China’s poverty alleviation achievements over the past 40 years, considers the insights of China’s experience for other developing countries and puts forward suggestions for China’s own future policies... The report points to a number of lessons for other countries from China’s experience, including the importance of a focus on education, an outward orientation, sustained public investments in infrastructure, and structural policies supportive of competition."