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China's unprecedented poverty elimination inspires global nations: Bangladeshi official

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China's unprecedented poverty elimination inspires global nations: Bangladeshi official

2025-04-05 15:56 Last Updated At:04-06 00:07

China has achieved the impossible in its ambitious efforts to eliminate poverty, serving as an inspiration and key partner in world development, said the Bangladeshi interim government's Chief Adviser Muhammad Yunus while in Beijing.

From March 26 to 29, Yunus participated in the Boao Forum for Asia (BFA) Annual Conference 2025 in Hainan, an island province in southern China, and subsequently visited Beijing. This marked his first trip to the city since taking his role as chief adviser last August.

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China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

During his stay in Beijing, Yunus gave an exclusive interview with China Media Group (CMG) where he discussed the importance of China's rise for developing countries.

"Amazing thing. The first thing that I mentioned when I talk about China, what an inspiration it was for the whole world, not for Bangladesh or a particular country. It's an inspiration for the whole world. What we thought is impossible -- like impossible is how to get the poverty out from a nation. China, with a large population, a large poor population, dared to say no poverty. People said that's crazy, they won't be able to do that. They will not make it. China made it happen. In the entire history of mankind, it never happened before," said Yunus.

In his words, China's accomplishments in this regard are not mere theory but demonstrated reality.

"Impossible things have become easy for China. China was a poor country, didn't have an industry. Now it's a leader of industry. Every country, every nation has to come to China to buy something they cannot produce or produce more expensively. They produce much cheaper, better service. So everything that you see, how you mobilize the strength of the population. It's the power of the young people in the nation and make them to work in a way which benefits the entire world, not just one nation. And people are very grateful to China for that," the chief advisor said.

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's unprecedented poverty elimination inspires global nations: Bangladeshi official

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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