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SUZHOU: Over the past few decades, Ye Pei Yuan has seen his neighbourhood transform from a collection of lakeside villages with cottage industries to a high-tech hub.
The Suzhou native, now aged 59, told CNA that the launch of the China-Singapore Suzhou Industrial Park in 1994 was an eye-opener for everyone.
home a monthly salary of about 7,000 to 8,000 yuan (US$960 to US$1,100). That was “quite good then”, he said.
The couple can be considered among millions who benefited from China’s economic boom.
According to World Bank data, the world’s second-largest economy has lifted 800 million people out of poverty, making up three-quarters of the global reduction in poverty.
This is in line with China's Communist Party (CCP) doctrine.
