A Broader View of Asian Poverty

Food insecurity and economic vulnerability should be included in a broader definition of poverty that could help policymakers develop more effective approaches, says new ADB report. Read More

Project Safeguards for Inclusive and Environmentally Sustainable Growth

Protecting the people and environment from the potential adverse effects of development is the cornerstone of ADB's Safeguard Policy. Read More

Bus System Greens Up Fast Paced Life in PRC's Lanzhou

A new bus rapid transit system in Lanzhou, People's Republic of China, is helping ease traffic congestion and reduce the city’s carbon footprint. Read More

GMS Economic Corridors Must Yield More Jobs and Investment

Stakeholders from the six Greater Mekong Subregion countries reviewed achievements in the GMS economic corridors over the last 6 years at a forum in Ha Noi, Viet Nam. 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