China's Success in Poverty Alleviation: Experience for Pakistan

Abstract

This study analyzes the experience Pakistan can learn from China’s great success in its poverty alleviation projects over the last four decades. During this period China has pulled millions of people out of poverty with its continuous macroeconomic and political stability along with rural development programs and its opening-up strategy. Recently, China has been serving as an economic role model for many developing countries like Pakistan. The China-Pakistan Economic Corridor initiated under the Belt and Road Initiative has cemented the bilateral relationship between China and Pakistan, thus providing an opportunity for Pakistan to learn from China’s success in socioeconomic transformation. Based on this, Pakistan needs to redirect its policies to the agriculture sector through reforms in landholding and redistribution. It also needs to enhance public investments focusing on improving rural infrastructure, education, and access to basic health services.

Keywords

• poverty alleviation
• economic growth
• china-pakistan economic corridor