Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, inspects poverty alleviation work in a tea farm of Laoxian Township, Pingli County of Ankang, northwest China's Shaanxi Province, April 21, 2020.(Photo: Xinhua)

Chinese President Xi Jinping announced on Thursday that China has scored a "complete victory" in its fight against poverty.

Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, said absolute poverty has been eradicated in the world's most populous country.

Xi made the announcement while addressing a grand gathering held in Beijing to mark the country's accomplishments in poverty alleviation and honor its model poverty fighters.

Over the past eight years, the final 98.99 million impoverished rural residents living under the current poverty line have all been lifted out of poverty. All the 832 impoverished counties and 128,000 impoverished villages have been removed from the poverty list.

Since the launch of the reform and opening up in the late 1970s, 770 million impoverished rural residents have shaken off poverty when calculated in accordance with China's current poverty line.

China has contributed more than 70 percent of global poverty reduction over the same period.

With such achievements, China has created another "miracle" that will "go down in history," Xi said.