China 'sets example' for tackling poverty

China's success in reducing poverty has driven global alleviations efforts, and could set an example for the rest of the world, according to a senior official at the World Bank.

"Much of the success in poverty reduction globally has actually been driven by China's incredible success in reducing poverty," said Ana Revenga, senior director of poverty and equity global practice at the bank, during a teleconference to promote its inaugural report called Poverty and Shared Prosperity 2016.

The report, which was released on Sunday, showed that nearly 800 million people lived on less than $1.90 a day in 2013. That's about 100 million fewer people classified as "extremely poor" than in 2012, and from 1990 to 2013, the number of extremely poor people fell from 35 percent of the global population to less than 11 percent.