News Releases

16 Nov 2012

Clean-up for One of PRC's Most Polluted Lakes Intensified with ADB Loan

A $250 million loan by ADB to rehabilitate the fifth largest freshwater lake in the People’s Republic of China will also test an eco-compensation program and a water emissions trading system aimed at controlling ubiquitous sources of rural water pollution.
16 Nov 2012

PRC's Secondary City Pilots Urban Pollution Control Program

Huangshi, a secondary city in southeastern People’s Republic of China, Hubei Province, is testing an integrated approach to urban pollution control that combines reducing upstream pollution with improving downstream water quality, using a $100 million loan from ADB.
31 Oct 2012

ADB Supports Lao PDR, Viet Nam in Addressing HIV Threat in Border Areas

ADB is providing $20 million in grants and loans to support Lao People’s Democratic Republic and Viet Nam prevent the spread of HIV infections in 23 border provinces where risks are growing due to increased population movement and commercial activities along economic corridors.
30 Oct 2012

CAREC Ministers Agree on $23 Billion Action Plan to Boost Central Asia Links

Ministers of the 10 Central Asia Regional Economic Cooperation Program nations have agreed on a plan to implement more than $23 billion in new regional transport infrastructure projects, together with energy and trade initiatives, aimed at creating seamless connectivity and greater prosperity in the region.
27 Oct 2012

PRC Could Be High-Income Economy Before 2030 with Right Steps - ADB Report

The People’s Republic of China could achieve high income status before 2030 if it adopts an economic strategy which fosters innovation, upgrading, inclusivity and green growth, says a new report by ADB and Peking University.
24 Oct 2012

CAREC Ministers to Gather in PRC to Chart Way Forward for the Region

Ministers from 10 nations spanning the Caucasus, Central, East, and South Asia will gather here on 29-31 October to discuss concrete ways to boost connectivity and cooperation in their region through to 2020.
16 Oct 2012

ADB Supports Cold Chain Logistics Hub to Improve Food Safety in the PRC

Agricultural products moving through the northeastern port area of Tianjin will soon have an expanded shelf life and lower spoilage rates with ADB providing its first-ever logistics-related loan to establish a large capacity cold chain facility.
3 Oct 2012

Asia Must Cut Red Tape to Unlock Full Potential of Service Sector - ADB Report

Booming service industries can be a powerful engine of economic growth and job creation for developing Asia, but the sector’s true potential remains blocked by restrictions and red tape, a new ADB report shows.
3 Oct 2012

Developing Asia Faces New Era of Moderate Growth - ADB Report

ADB is significantly scaling back 2012 and 2013 growth forecasts for developing Asia, saying that after years of rapid growth, the region must brace for a prolonged period of moderate expansion amidst an ongoing slump in global demand.
3 Oct 2012

Soft Landing Predicted for People's Republic of China Despite Growth Cut

ADB has cut its 2012 gross domestic product growth estimate for the People’s Republic of China by nearly 1 percentage point, warning that downside risks to the economy are likely to intensify in the short run given bleak global demand and the uncertain outlook for the country’s largest trading partners.