CHINESE President Xi Jinping presided over an awards ceremony for champions of its poverty eradication effort today as he declared “complete victory” over destitution in Beijing’s Great Hall of the People.

China announced that it had eliminated absolute poverty in December, enabling it to meet its “first centenary goal,” which is to establish “a moderately prosperous society in all respects” by the centenary of the foundation of the Chinese Communist Party this summer.

It then embarks on its “second centenary goal,” to have built “a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious” by the centenary of the establishment of the People’s Republic in 2049.