People's Republic of China and ADB
In the Spotlight
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Trade Rebound Pushes Growth Outlook Higher
ADB raised its growth forecast for developing Asia. Regional GDP is expected to expand 5.9% in 2017 and 5.8% in 2018 on a recovery in global trade and strong growth in major industrial economies.
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ADB Sees Improved Growth Prospects for Developing Asia
After recent growth moderation, an increase in net exports and domestic consumption has improved growth prospects in the People’s Republic of China. The world’s second largest economy is now expected to expand by 6.7% in 2017 and 6.4% in 2018. Read the report
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Lessons from ADB Transport Projects: Moving Goods, Connecting People, and Disseminating Knowledge
This publication shares 20 case stories bearing practical knowledge and lessons for transport projects across Asia and the Pacific region under different socioeconomic and political situations.
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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.
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
Asian Development Bank, New Development Bank Meet to Discuss New Project Cofinancing
WASHINGTON, D.C. (13 October 2017) — Asian Development Bank (ADB) Vice-President Wencai Zhang met with New Development Bank (NDB) Vice President and Chief Operations Officer Xian Zhu on the sidelines of the World Bank-International Monetary Fund Annual...
An economic crisis in the People’s Republic of China would be worse for developing Asian economies than for the world's developed countries.
Impact of the People’s Republic of China’s Slowdown on the Global Economy
Indu Bhushan Appointed New ADB Director General for East Asia
ADB has appointed Indu Bhushan as the new Director General for its East Asia Department (EARD).
Projects in the People's Republic of China
Proposed
- Heilongjiang Green Urban and Economic Revitalization Project
- Hubei Yichang Comprehensive Elderly Care Demonstration Project
- Reforming the System of Personal Income Tax and Social Security Contributions
- Guangxi Regional Cooperation and Integration Promotion Investment Program - Tranche 2
- Air Quality Improvement in the Greater Beijing–Tianjin–Hebei Region—Regional Emission Reduction and Pollution Control Facility
Approved/Active
- Study of Clean Energy Supply for the Rural Areas in the Greater Beijing-Tianjin-Hebei Region
- Green Finance Catalyzing Facility
- Strategic Policy Study on Collaborative Control of Air Pollution and Carbon Emissions in the Transport Sector
- Xinjiang Changji Integrated Urban-Rural Infrastructure Demonstration Project
- Shanxi Inclusive Agricultural Value Chain Development Project
Closed
- Beijing-Tianjin-Hebei Air Quality Improvement-Hebei Policy Reforms Program
- Policy Study on the Development of Intercity Railway in the Beijing–Tianjin–Hebei Region
- Municipality-Level Public–Private Partnership Operational Framework for Chongqing
- Jiangxi Xinyu Kongmu River Watershed Flood Control and Environmental Improvement
- Construction and Demolition Waste Management and Recycling
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5.7%
Population living below the national poverty line in the People's Republic of China (2015)
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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)
