A praiseworthy achievement

At the recent annual meetings of the International Monetary Fund and World Bank, Jim Yong Kim, president of the World Bank, said that China's accomplishment in pulling 800 million people out of poverty was a historic achievement and "one of the great stories in human history".

With China as the major contributor, the ratio of people living in extreme poverty in the world has dropped to less than 10 percent from 40 percent, Kim said.

The World Bank chief's words are not superficial praise but recognition of what China has succeeded in doing over the past decades.