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August 18, 2010

The China Model and Africa

by Felicity Duncan, Money Web, South Africa - You've probably heard about how China has managed, over the last twenty years or so, to lift hundreds of millions of people out of poverty. According to the World Bank, between 1981 and 2005, around 600m Chinese vaulted over the poverty line, that is, raised their incomes above $2 a day.There's been a lot of debate about exactly how China managed to achieve its impressive results, and whether or not the Chinese example offers a model for other nations trying to get people out of poverty.

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