With the last 52 impoverished counties successively declaring victory against extreme poverty, China has achieved its goal of eliminating absolute poverty one month before its self-imposed deadline.
China's poverty aid package goes beyond using daily income as a barometer, it also aims to meet the food and clothing needs of the rural poor population and guarantee they have access to compulsory education, basic medical services, and safe housing, which is referred to as the "Two Assurances and Three Guarantees."
https://news.cgtn.com/news/2020-10-27/Eradicating-extreme-poverty-in-2020-Did-China-set-the-bar-too-low--UMenpZjuF2/index.html
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I imagine the guaranteed housing part of the program alone reduces cost of living astronomically.
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I can imagine the cost of living in super rural China is way lower than even the cheapest place here.