Amidst global economic crisis Asia reduces the number of poor

Millions of Asians Escape Poverty Despite Crisis

More than 245 million Asians were lifted out of extreme poverty in the last five years despite the global economic crisis, the Asian Development Bank said, citing the region’s brisk economic growth.

China, the world’s most populous nation, outperformed other Asian countries, with an estimated 141.13 million people leaving the ranks of the extreme poor, defined as those who earned less than $1.25 a day…………

Some 149.9 million Asians escaped extreme poverty between 2005 and 2008, and a further 95.4 million from 2008 through 2010, the bank said.

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Categories: Asia, China, Indonesia

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