(ECNS) -- World Bank Group President Jim Yong Kim said the world can learn a lot from China in reaching the global goal of ending extreme poverty by 2030.
Kim said China has lifted about 700 million people out of poverty in the past three decades while promising to eradicate it entirely in the near future.
China's resolution and methods of tackling poverty provide good examples, added the re-elected World Bank chief.
In 60 out of the 83 countries covered by a World Bank report titled Poverty and Shared Prosperity, the average income went up for people living in the bottom 40 percent of their nations' economies between 2008 and 2013 despite the financial crisis.
Kim said it's remarkable that countries have continued to reduce poverty and boost shared prosperity at a time when the global economy is underperforming — but added far too many people still live with far too little.
He also said the World Bank target of ending extreme poverty by 2030 is at risk unless more rapid global growth returns and inequalities are reduced.
