fbpx 30 Years of ADB-PRC Partnership | Asian Development Bank

People's Republic of China (PRC) and ADB

ADB has moved from an infrastructure-based support model for the PRC to one that will improve the quality of economic growth by underlining environmental protection and social sector development.

30 Years of ADB-PRC Partnership

For 30 years, ADB has been steadily supporting the People's Republic of China during its astounding economic and social development progress. In this timeline, we review some of the highlights of a partnership that has contributed to the success of one of the most remarkable poverty alleviation programmes in history.



Government representative Che Peiqin (left) presenting the PRC’s membership application to ADB President Fujioka. The application was accepted in March 1986.



Chen Muhua, State Councilor, Governor of the People’s Bank of China and the PRC Governor for ADB, attending ADB’s 19th Annual Meeting in Manila.



ADB’s lending operations in the PRC start with a focus on the industrial sector and financial institutions located in the country's coastal region.



ADB celebrates its 22nd Annual Meeting in Beijing, the first to be held in the PRC. President Yang Shangkun at the opening ceremony.



ADB's first infrastructure project is approved. 

The Xiaoliu Railway Project comprised the construction of 44 km of track between Zhongyang and Mucun. Construction of the railway was completed in October 1993.



A project for the development of the Shanghai: Nanpu and Yangpu bridges is approved.

Read how the phenomenal growth rate of Shanghai's Pudong area is linked to this infrastructure project: Bridges Bring Boom.  



ADB lending to the PRC reaches $1 billion.



The Dalian Water Supply project, ADB’s first in the water sector, is designed to provide clean water to more than 2 million people.



The Guizhou-Shuibai Railway is approved. ADB’s lending operations in the PRC increasingly shifted from the country's coastal region to its less developed central and western regions.



The Suzhou Creek Rehabilitation project is approved. The project played an important role in Shanghai's development. 

Read how reviving a historic waterway contributed to this city's progress. 



ADB financed the PRC’s first build-operate-transfer (BOT) project in the water sector – Chengdu No. 6 Water Plant.



ADB Resident Mission in the PRC (PRCM) opens in Beijing.



The 16-volume Laws and Regulations of the PRC is published with ADB’s technical assistance to finance its English translation.



ADB celebrates its 35th Annual Meeting in Shanghai.

Video: Clear Vision, Cleaner Future



Bruce Murray, the first ADB Country Director to the PRC, receives the PRC’s Friendship Award.



The Shanxi Coal Mine Methane Development Project is approved, having found an innovative solution to capture highly explosive methane gas as a source of clean energy.



PRC contributes $30 million to the Asian Development Fund and establishes the $20 million PRC Regional Cooperation and Poverty Reduction Fund. The PRC is the first developing country to create such a fund with an international financial institution and starts its new roles as donor and resource country for experience and knowledge sharing in development.



The 2nd Greater Mekong Subregion (GMS) Summit is held in Kunming, Yunnan Province.

News Releases:

Kunming Declaration: 'A Stronger GMS Partnership for Common Prosperity'

GMS Leaders Commit to Stronger Partnerships



The first "Panda Bond" for a value of 1 billion Yuan is issued. This is the first local currency bond by an international development institution.

News Release: ADB Launches 1 Billion Yuan Panda Bonds in China



The 5th CAREC Ministerial Conference is held in Urumqi, Xinjiang Uygur Autonomous Region.

News Release: Ministers Adopt Action Plan to Accelerate Regional Cooperation in Central Asia



ADB's Regional Knowledge Hub for Climate Change is established with Tsinghua University in Beijing.

News Release: ADB Establishes Climate Change Knowledge Hub at University in Beijing



ADB Vice-President Bindu Lohani accepts the Green China Champions award.



A technical assistance project is launched to pilot test NGOs participation in village poverty alleviation and development planning.

Impact Story: People's Republic of China: Tapping a New Well



The Guangdong Energy Efficiency and Environment Improvement Investment Program is approved, one of the first large-scale energy efficiency projects in the PRC.

Case Study: People's Republic of China: Clean and Efficient Energy in Guandong Province



Video: Rebuilding PRC Schools after the Wenchuan Earthquake


ADB provides $400 million emergency assistance is following the Wenchuan earthquake.

ADB Project: China, People's Republic of: Emergency Assistance for Wenchuan Earthquake Reconstruction Project



$1 billion is allocated for railway development to promote energy efficiency and railway safety.

Related: China, People's Republic of: Railway Safety Enhancement Project



The Case Study on South–South Cooperation: PRC–ADB Knowledge-Sharing Platform is launched.

Case Study: Case Study on South-South Cooperation: PRC-ADB Knowledge-Sharing Platform



ADB and China Everbright International establish a partnership to develop waste-to-energy plants.

Video: Turning Waste into Electricity in Suzhou, People's Republic of China



A knowledge sharing workshop on rural hydropower development is held in Lanzhou, Gansu Province.

Case Study: People’s Republic of China: Switching on to Clean Energy



In 2010 and 2014, ADB provided technical assistance to support the preparation of PRC's 12th and 13th Five-Year Plan, respectively.



A coal-based integrated gasification combined cycle (IGCC) power project is approved – the first of its kind in a developing country worldwide.

Case Study: PRC’s Tianjin Breathing Easier with Cleaner Coal Power



The first international Renminbi bond is issued in Hong Kong, China. 


Launch and Media Briefing of International RMB Bonds – Xiaoyu Zhao

Launch of Offshore Renminbi Bonds – Bindu N. Lohani



A regional workshop on transport infrastructure is held under the PRC-ADB Knowledge Sharing Platform.



The ADB Resident Mission in the PRC celebrates its tenth year anniversary and the opening of its new office.



ADB organizes the first best performing loan project awards.



The PRC-ADB Regional Knowledge Sharing Initiative is inaugurated in the ADB Resident Mission.



ADB launches its website in Chinese: cn.adb.org and its Chinese social media Weibo account: www.weibo.com/asiandevelopmentbank.



ADB signs a Memorandum of Understanding on climate change with PRC’s National Development and Reforms Commission and the Ministry of Environmental Protection.

News Release: ADB President Assures PRC Vice Premier of Strong Support for Reforms, Environment, and Poverty Reduction



Video: PRC Knowledge Hub on Green Development and Eco-Compensation Established with ADB Support

A Knowledge Hub on Green Growth and Eco-compensation is launched.

News Release: PRC Knowledge Hub on Green Development and Eco-Compensation Established with ADB Support



This year marked the 30th anniversary of PRC-ADB partnership.

A new Country Partnership Strategy for 2016-2020 is approved, deepening various aspects of the ADB-PRC partnership, including the lender-borrower relationship for the public and private sectors, knowledge partnership, and collaboration in promoting regional and South-South cooperation.

News Release: ADB to Deepen Partnership With PRC Under New 5-Year Strategy

Latest on the People's Republic of China

People’s Republic of China Validation of the Country Partnership Strategy Final Review, 2016–2020

21 May 2020 | Evaluation Document

People’s Republic of China Validation of the Country Partnership Strategy Final Review, 2016–2020

The Country Partnership Strategy: People’s Republic of China, 2016–2020 sought to support the People’s Republic of China (PRC) in its efforts to foster environmental protection and climate change mitigation and adaptation, regional cooperation and integration, inclusive economic growth, knowledge

Catalyzing Climate Finance with the Shandong Green Development Fund

13 Jul 2020 | Publication

Catalyzing Climate Finance with the Shandong Green Development Fund

This publication highlights the features of the Shandong Green Development Fund (SGDF) to promote climate-friendly investments, particularly to support the transition of the People’s Republic of China (PRC) to a low-carbon future.

ADB Disburses Loan to Promote Biosecurity in Livestock Farming in PRC

29 Jun 2020 | News Release

ADB Disburses Loan to Promote Biosecurity in Livestock Farming in PRC

ADB has disbursed a loan of $40 million (in Chinese yuan equivalent) to New Hope Liuhe Co., Ltd. (NHL) to promote biosecurity and help develop a more integrated, inclusive, and sustainable livestock.

Financial Market and Capital Flow Dynamics During the COVID-19 Pandemic

29 Jun 2020 | Publication

Financial Market and Capital Flow Dynamics During the COVID-19 Pandemic

While the ultimate resolution of COVID-19 may lead to a market correction as uncertainty declines, there may be some permanent effects on financial markets and capital flows.