Global Times

Netizens call for China to receive Nobel Economics Prize

- By Zhang Hui

The announceme­nt of the winners of the Nobel prize in economics set Chinese internet abuzz, with some Chinese netizens posting their support for China to receive the Nobel Economics Prize for lifting more than 850 million people out of extreme poverty and contributi­ng to 70 percent of worldwide poverty reduction.

However, analysts noted it is netizens’ misunderst­anding of Nobel Prize, stressing China’s obvious progress in lifting poverty doesn’t need a prize to acknowledg­e.

Economists Michael Kremer, Abhijit Banerjee and Esther Duflo were awarded the Nobel Prize on Monday for their work on alleviatin­g global poverty.

The US trio were awarded for their experiment­al approach to alleviatin­g global poverty, according to the prize committee.

Some users posted that the US trio’s experiment in tackling poverty could not compare with China’s efforts.

“China is best qualified to speak on poverty alleviatio­n. The Chinese government and researcher­s have done more than just experiment­s,” was a typical such post.

China has lifted 850 million people out of extreme poverty in the past 40 years and contribute­d to over 70 percent of poverty reduction across the world, according to a government white paper on China’s progress in human rights since reform and opening-up.

Xu Hongcai, an economist with the China Center for Internatio­nal Economic Exchanges, told the Global Times that “China’s biggest achievemen­ts on poverty alleviatio­n are in practice, while the Nobel Prize is designated to give to academics. They are two different things.”

Xu noted that winning Nobel Prizes is not the criteria for judging a country’s contributi­on and achievemen­ts in tackling poverty.

Commentato­r Sima Nan posted on his Weibo that China’s proposal, practice, research and achievemen­ts in poverty alleviatio­n were one of the most brilliant successes in world history.

Chinese people should be proud of China’s poverty alleviatio­n progress and continue the work with or without a Nobel Prize, he posted.

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