Asia

In 1990, more than 60% of people in East Asia were in extreme poverty. Now only 3.5% are.

Here’s an amazing fact: The number of people in extreme poverty fell by 114 million from 2012 to 2013. That is a simply massive one-year decline, and it’s not even the biggest drop in recent years. From 2010 to 2011, global poverty fell by 132 million people. From 2008 to 2013, the number fell by

John Hoffmire2022-07-05T09:38:19-05:00Tags: extreme poverty|

Asia Infrastructure Investment Bank: What Does China and Asia Gain?

Asia Infrastructure Investment Bank: What Does China and Asia Gain?

Inaugurated on January 16, 2016, the Asian Infrastructure Investment Development Bank (AIIB) is a multilateral development institution that aims to provide financial support for infrastructure development in Asia. Its objectives are to foster economic development and promote regional cooperation and partnership. First proposed by President Xi Jinping in October 2013 during his visit to Indonesia,

John Hoffmire2022-07-05T09:38:30-05:00