Asia Positioned to Lead Global Knowledge Economy

Asian countries have a unique opportunity to lead the global knowledge-based economy of the future, says a new ADB report. Read More

Innovative Asia: Advancing the Knowledge-Based Economy

Case studies of the People’s Republic of China, India, Indonesia, and Kazakhstan identify a range of policies and initiatives that can strengthen innovation-led growth and help them transition from a middle-income to a high-income economy.   Read More

Rebuilding PRC Schools after the Wenchuan Earthquake

A $400 million ADB emergency loan was used to rebuild roads, bridges and schools in Shaanxi Province, People’s Republic of China, following the 2008 Wenchuan Earthquake. Watch Video

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

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