Investment helps 10 million people rise from poverty

Government spends 100 billion yuan this year, registers poor households for living allowances

China has lifted more than 10 million rural residents out of poverty this year with a record-breaking investment of 100 billion yuan ($14.4 billion) in government funds, and it plans to pull another 10 million people out of poverty next year.

That goal was announced on Tuesday by Liu Yongfu, director of the State Council Leading Group Office of Poverty Alleviation and Development, at the office's annual national meeting.