China would continue its endeavor of poverty reduction, fundamentally improving the life of world's one-sixth population, said Jin Renqing, Chinese minister of finance.

Speaking Thursday at the concluding ceremony of the Global Conference on Scaling Up Poverty Reduction, Jin said underdeveloped countries had exchanged and learnt advanced experience in terms of poverty reduction at the conference through case studies and dialogues.

He said the Shanghai Agenda on Poverty Reduction issued at the conference was an indication of world's determination of poverty alleviation.

Jin said every country would have its unique way to reduce poverty, which deserved respects of the international community.

The economic development was the most efficient way to reduce poverty, the official said. Economic growth would not only financially support the government's poverty reduction endeavor, but also provide more employment opportunities to the poor, as so to improve their life qualities.

A powerful and efficient government could bring about social and political stability, which was the prerequisite for poverty reduction, he said.

Besides, the public and social communities would also play an important role in future poverty reduction endeavor.

Jin added an opener and more balanced global trade system and amore efficient international financing mechanism were required for world’s poverty reduction work in future.

(Xinhua News Agency May 28, 2004)