Structural Reforms More Important Than Growth Targets in PRC

Steady consumption and rising external demand will support economic growth in the People’s Republic of China in 2014, especially if the government continues an accommodative macroeconomic policy package, says ADB report. Read More

Developing Asia Fastest Growing Region

Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies move ahead with structural reforms, says a new ADB report. Read More

Farmers Help Save Endangered Birds in the PRC

A study recommends building partnerships with local farmers to boost incomes and protect the coastal wetlands in Jiangsu Province, People's Republic of China. Read More

Asian Bond Markets Remain Strong Despite Rising Risks

US rate hike, a slowing property market in the People’s Republic of China and tension in the Middle East pose growing risks for region's bond markets, says latest Asia Bond Monitor. Read More

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.

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

ADB Lending

Amount ($M) / %
Sector (No. of loans)
2,917.30 / 9.80%
Agriculture (33)
 
100.00 / 0.34%
Education (2)
 
4,276.85 / 14.37%
Energy (47)
 
620.72 / 2.09%
Finance (9)
 
674.80 / 2.27%
Industry and Trade (5)
 
2,906.20 / 9.76%
Multisector (23)
 
14,657.50 / 49.24%
Transport and ICT (78)
 
3,614.28 / 12.14%
Water Supply (34)
 
29,767.65 / 100%
TOTAL (231)
Cumulative as of 31 December 2013