China has said it will almost double its definition of the poverty threshold to enable an additional 100 million people to access social subsidies, a move that comes as the government looks to address a fast-widening income gap.
The government said this week it would raise the poverty threshold to 2,300 yuan ($362 or Rs.18,630) as the annual income for farmers — an 80-per cent increase from the 1,274 yuan defined last year. This brings China's poverty line to a little under a dollar a day, and closer to the $1.25 level defined by the World Bank.