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Factbox: Buzzwords on China s poverty alleviation_GMW cn

2021-03-01 14:13   By: Xinhua   BEIJING, Feb. 28 (Xinhua) A research paper titled Chinese Poverty Alleviation Studies: A Political Economy Perspective was released Sunday by New China Research, the think tank of Xinhua News Agency, summarizing some of the glossaries related to the country s poverty alleviation practices as follows: DRIP IRRIGATION EFFECT Drip Irrigation Effect is a new concept based on China s precise poverty alleviation strategy. It offsets declining trickle-down effect of economic growth, highly summarizes the distinctive characteristics of China s precise poverty alleviation from flood irrigation to precise drip irrigation. The trickle-down theory holds that as long as the total economic volume is large, wealth will naturally benefit the bottom by trickling down, and the poor will get rid of poverty.

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