The growing importance of the People’s Republic of China (PRC) in the global economy and increased emphasis on rebalancing growth require ADB to ensure its operations are relevant and responsive to the country’s needs and to add value to its future development. Emerging challenges include the need to further align operations with the PRC’s increased efforts to promote environmentally sustainable and inclusive growth, South-South cooperation, and knowledge sharing.

The country partnership strategy (CPS), 2011-2015, is aligned with the priorities of the PRC’s 12th Five-Year Plan, which aligns closely with those of ADB’s Strategy 2020, in particular the redoubling of efforts to promote socially inclusive development and environmental protection. The CPS also reflects the PRC’s changing circumstances as a rapidly growing middle-income country.