People's Republic of China and ADB
In the Spotlight
A modern highway and bridge connecting three countries in the Greater Mekong Subregion are reviving an ancient trade route and bringing new life to local communities.
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
At an event in Beijing, ADB President Takehiko Nakao said the People’s Republic of China (PRC) requires further structural reform in its pursuit of high-income status.
A collection of images capturing the spirit of Asia and the Pacific in transition from poverty to greater prosperity as viewed through the lens of renowned photographers from across the region.
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.
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