People's Republic of China and ADB
In the Spotlight
ADB Chief Economist Shang-Jin Wei discusses the impact of this week's decision by the People’s Bank of China to loosen the renminbi exchange rate.
What are the implications for the global economy as the People’s Republic of China pursues its objective of creating an international role for its currency akin to the role currently played by the US dollar?
Depletion of groundwater resources is a major concern in many parts of the PRC, particularly in the drier northern regions. ADB sponsored a 2-day forum in Beijing to discuss various innovative measures and technologies to address the problem.
More than 800,000 residents are benefiting from a project to clean up water, upgrade wastewater and solid waste treatment, and boost district heating in 10 small towns of Hebei Province, PRC.
Three ADB-funded hydropower plants in the People’s Republic of China’s north are providing clean, reliable electricity to millions.
ADB and the Bartlett School of Planning, University College, United Kingdom have developed a guide to improving public transport interchanges, highlighting some of the best practice in railway interchange design and operation in the People's Republic of China, alongside some examples found in other countries.
Government ministers and senior officials attending the Greater Mekong Subregion (GMS) Seventh Economic Corridors Forum agreed on measures to promote the development of economic corridors, facilitate cross-border transport and trade, and enhance cooperation and private sector participation.
In the Sanjiang Plain, People's Republic of China, ADB has helped to restore thousands of hectares of wetlands while protecting and improving the livelihoods of farmers.
Growth in the People’s Republic of China (PRC) will continue its moderate deceleration in 2015 and 2016 as the government targets lower growth and continues its program of structural reforms, says a new ADB report.
Following 3 decades of exceptional economic growth, the People’s Republic of China (PRC) is now regarded as an upper middle-income country.
The PRC will focus on improving quality and efficiency, and give even greater priority to shifting the growth model and adjusting the structure of development. Development challenges include promoting economic development, protecting the environment, tackling regional disparity, and allowing the market to determine resource allocation. The PRC is aiming to, among others, deepen its public finance reform, improve the financial market, promote state-owned enterprises reform, and encourage greater private sector participation.
With a focus on innovation and value addition, ADB has combined its support for infrastructure with areas such as technical and vocational education and training, provision of municipal services, and environmental improvement.
Projects in the People's Republic of China
- Study on Building Ecological Security System for the National Core Grain Growing Area of Henan Province
- Shaanxi Mountain Road Safety Demonstration Project
- Gansu Jinta Concentrated Solar Power Project
- Ningxia Liupanshan Poverty Reduction Rural Road Development Project
- Beijing-Tianjin-Hebei Regional Air Pollution Control
- Xinjiang Tacheng Border Cities and Counties Development Project
- Yunnan Pu'er Regional Integrated Road Network Development Project
- Xinjiang Akesu Integrated Urban Development and Environment Improvement Project
- Low-Carbon District Heating Project in Hohhot in Inner Mongolia Autonomous Region
- Jiangxi Ji'an Sustainable Urban Transport Project
- Strengthening Capacity for Implementing the New Energy City Program in Gansu Province
- Xinjiang Urban Transport and Environmental Improvement Project (formerly Xinjiang Urban Transport Infrastructure Development)
- Shanxi Technical and Vocational Education and Training Development Project
- Credit and Social Services Rating System Development for Microcredit Companies
- Integrated Strategy for Sustainable Land Management in Dryland Ecosystems
1,367.82(2014) Population in millions
0.5%(2009-2014) Average annual population growth rate
8.5%(2013) Population living below the national poverty line (Differs from standard definition; or refers to only part of the country)