mo4ch:>China to mark economic miracle that pulled 700 million people out of poverty | Mo4ch News

China has pledged more economic reforms to push growth higher and help offset any impact from the US trade conflict. It comes as the world’s second-largest economy marks the 40th anniversary of “reform and opening up” this week.Statistics show that more than 700 million Chinese people have shaken off poverty since Beijing started its program of economic reforms four decades ago. The figure accounts for over 70 percent of global poverty reduction during that period.The first wave of reform, which lasted from 1978 to 1989, was characterized by agricultural reform and revival of the private sector. The second wave of reform (from 1992 to 2012) resulted in the legalization of the market economy, China’s accession to the WTO, and a booming private sector.Also on rt.comAfter instigating trade war America will have to dance to China's tune – investor Peter Schiff to RTChina’s record in poverty reduction since reform and opening up is without parallel in human history, according to Wang Y…