People's Republic of China and ADB
In the Spotlight
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Built to Last: Suzhou Creek Rehabilitation Project, PRC
Approved in May 2000, the Suzhou Creek Rehabilitation Project was implemented to address the pollution suffered by the creek through the years. The creek is now a green artery and no longer a health hazard to the 3 million people who live on its banks.
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Meeting the Wastewater Challenge in the People’s Republic of China
As water shortages worsen, the People’s Republic of China is recycling millions of tons of wastewater for use in factories, cleaning streets, and washing cars.
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ADB President Pledges Strong Support for PRC’s Reforms
ADB President Takehiko Nakao addressed the high-level China Development Forum 2017 in Beijing, and pledged ADB’s strong support for the People’s Republic of China’s (PRC’s) reform efforts.
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ADB, Dynagreen, 10 Banks Partner to Boost Clean Waste-to-Energy PPP in PRC
ADB signed agreements with 10 commercial banks to support Dynagreen Environmental Protection Group (Dynagreen) in clean municipal waste-to-energy (WTE) projects with advanced technologies in small and medium-sized cities in the People’s Republic of China (PRC). The $100 million onshore local currency complementary loan agreement was also signed.
Following 3 decades of rapid economic growth, the People's Republic of China (PRC) is now an upper middle-income country. The country is transforming to a new growth model that emphasizes quality and sustainability, supported by innovation. Addressing climate change-related concerns is also recognized as high priority.
Development challenges include implementing fiscal reforms, improving social protection systems, and reforming state-owned enterprises. Cornerstones of reform are to improve the range, quality, and availability of financial services; protect the environment; tackle regional disparities; address pockets of extreme poverty; and allow the market to determine resource allocation.
ADB is focusing its support on innovation and value addition in infrastructure, while promoting good governance and capacity development, knowledge solutions, private sector development, and gender equity.
The PRC is a member of the Central Asia Regional Economic Cooperation (CAREC) Program and Greater Mekong Subregion.
Latest
Continued improvement in global economic prospects helped drive yields lower in most markets in emerging East Asia amid positive investor sentiment.
Asia Bond Monitor - June 2017
Water security has become a key priority for most countries in Asia—and the People’s Republic of China (PRC) is no exception.
Water Resources Protection and Informed Decision Making: An Example of the Dagu Aquifer in Qingdao, People’s Republic of China
ADB-Supported 'Green Financing Platform' Launched for Better Air Quality in Greater Beijing Area
The Green Financing Platform (GFP) supported by ADB was launched today by the China National Investment and Guaranty Corporation (I&G) to promote air pollution-reduction investments in the greater Beijing-Tianjin-Hebei (BTH).
Projects in the People's Republic of China
Proposed
- Mountain Railway Safety Enhancement Project
- Guangxi Modern Technical and Vocational Education and Training Development Program
- Shandong Spring City Green Modern Trolley Bus Demonstration Project
- Yangtze River Green Ecological Corridor Comprehensive Agriculture Development
- Support to Budget Expenditure Reform in Henan Province
Approved/Active
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1,382.71
Population in the People's Republic of China, in millions (2016)
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27
Maternal Mortality Ratio in the People's Republic of China, per 100,000 live births (2015)
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0.5%
Average annual population growth rate in the People's Republic of China (2011-2016)
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5.7%
Population living below the national poverty line in the People's Republic of China (2015)
