People's Republic of China and ADB
In the Spotlight
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.
Pollution issues, including air quality, have been an important aspect of the partnership between ADB and the People's Republic of China. (Photo: Lei Kan/ADB)
ADB is restoring degraded lands and boosting livelihood in the western region of the People’s Republic of China, through the administration of a $5.25 million grant from the Global Environment Facility.
An ADB-supported project in the People's Republic of China is helping to convert deadly methane gas from coal mines into clean energy for thousands of people and hundreds of businesses.
An ADB-supported project worked with private companies to provide clean water to cities in the People's Republic of China.
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.