BEIJING -- China will try to better use foreign capital to facilitate its
poverty reduction efforts, said an official with the State Council Leading Group
Office of Poverty Alleviation and Development.
Ou Qingping, deputy director of the Center for the Administration of
Foreign-funded Projects with the Leading Office, made the remarks on Monday at
the Second ASEAN plus Three High-level Workshop on Poverty Reduction.
Foreign capital is a "carrying vehicle" for China, through which the country
can not only bring in a large amount of money but also advanced foreign
concepts, technologies and methods for its work in poverty reduction, said Ou.
The Leading Office set up the Center for Administration of Foreign-funded
Projects in 1996.
Over the past decade, China has been expanding the inflow of foreign capital
to boost poverty alleviation efforts, including loans from international
financial institutions like the World Bank, the Asian Development Bank, and
official development aid (ODA) from Japan, Canada and Britain.
According to Ou, about 630 million U.S. dollars in the World Bank loans has
been granted to China since 1996, covering poverty reduction in Sichuan, Guangxi
China uses foreign capital to increase investment in human resources, which
helps to spread the use of knowledge and technology by the poor, said Ou.
Huang Chengwei, an official responsible for administering foreign-funded
projects for poverty alleviation in Guangxi, said residents in the
poverty-stricken Jingxi County are now getting more chances to select, manage,
supervise and evaluate their development projects.
When the residents are well trained, they know what is best suitable for them
and try to make decisions on their own. This strengthens their capacity to shake
off poverty, said Huang.
According to official statistics, by the end of last year, China had an
estimated 23.65 million people earning less than 680 yuan (85 U.S. dollars) a
year, living in absolute poverty. If the internationally accepted poverty line
of one U.S. dollar per day is used, the country's poverty-stricken population
stood at 120 million to 130 million.