People's Republic of China and ADB

In the Spotlight

Overview

After more than 3 decades of rapid economic growth that significantly reduced poverty and lifted living standards, the People’s Republic of China (PRC) has transformed into an upper middle-income country. Nevertheless, significant development challenges remain, many of which are associated with urbanization, regional and rural–urban disparities, and environmental degradation.

In recent years, ADB has shifted its support from infrastructure to increasing emphasis on “softer” sectors, with an enhanced focus on innovation and value addition. This involves knowledge transfers, and the introduction of new technologies that are responsive to the PRC’s changing circumstances and development needs.

Fact Sheet


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Funding Information


Fast Facts

1,360.72(2013) Population in millions

0.5%(2008-2013) Average annual population growth rate

10.2%(2012) Rural population living below the national poverty line

Basic Statistics