POVERTY REDUCTION EXPERIENCE OF CHINA (1947-1978): LESSONS FOR PAKISTAN

Poverty eradication is a critical issue that must be tackled as part of the world's economic and social progress. China and Pakistan have distinct ways of combating poverty. Since the start of reforms and opening up in 1978, China has taken a number of initiatives to alleviate poverty. The Communist Party China (CPC) Central Committee's decision on several major issues concerning rural reforms and development, adopted at the Third Plenary Session of the CPC's seventeenth Central Committee, proposed increasing support for the development of poor areas in old revolutionary base areas, ethnic minority areas, and border areas. The CPC's 18th National Congress set the lofty objective of completing the construction of a moderately affluent society in all aspects by 2020. The report emphasized the parties tenaciously fought for aims to lift people out of poverty. This paper attempts to explore and understand the causes of Pakistan's poverty reduction strategies and the elements that impact it, utilizing the experience of China's poverty reduction to identify the difficulties that have arisen as a result of Pakistan's poverty reduction process. This research shows that the poverty policies of China are more mature, which led the country towards progress and today it is one of the leading economies in the world. Similarly, Pakistan after its independence is struggle to tackle the issue of poverty and still could not get rid of it and this is all because of the policies of Pakistan which could proof to be successful.