Poverty Reduction through Enterprise Procurement in China Evidence and Case Study

Résumé

This paper gives China’s experiences in poverty reduction. Both the government and enterprises in China contribute to helping the poor population in rural China. New Era Corp. hires local rural labor to collect and gather pollen from pine trees. The New Era Corp.’s case shows that enterprise procurement can help the local poor solve the financial constraints and reduce the risk and uncertainty they are facing. Under a digital economy of big data and artificial intelligence, this pattern can successfully solve the information asymmetry problem and help to achieve poverty reduction in China.