People's Republic of China and ADB
In the Spotlight
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ADB Approves Key Loan Under Yangtze River Economic Belt Framework
ADB Board of Directors approved a $150 million loan to protect a water basin of the Yangtze River, the longest river in the People’s Republic of China (PRC).
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PRC Needs Rethink in Elderly Care Subsidies — ADB
The People’s Republic of China (PRC) needs to improve financial incentives for service providers to strengthen the PRC’s three-tiered elderly care system if it is to cope with an old aged population set to double to 289 million by 2034, according to a new ADB brief.
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ADB Signs Private Sector Deal to Support PRC's Push for Green Urban Transport
ADB will help roll out environment-friendly buses and promote green public transport in the People’s Republic of China as part of a $400 million financing package for Minsheng Financial Leasing Co. Ltd. (MFL).
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Blue Skies in the People’s Republic of China and Beyond
Kebin He, Dean of the Tsinghua School of Environment, explains that low-carbon and low-pollution policies combined are the most cost-effective way to improve air quality in crowded cities and comply with the Paris Climate Change Agreement pledges.
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.
Support for the Yangtze River Economic Belt
Under its Yangtze River Economic Belt (YREB) Framework, ADB will provide around $2 billion over 2018-2020 to support integrated economic and environmental development in the upper and middle reaches of the Yangtze River. As one of the PRC's three economic growth areas, the YREB is key to helping the PRC achieve its goals of inclusive and sustainable growth and xiao kang, or a moderately prosperous society.
Support for the Yangtze River Economic Belt
ADB's Yangtze River Economic Belt Framework makes targeted, integrated, and high impact investments in the middle and upper reaches of the Yangtze River in the People's Republic of China. The framework targets ecological restoration and green development in this crucial part of the PRC.
Publications
Projects
- Guizhou Rocky Desertification Area Water Management Project
- Chongqing Longxi River Basin Integrated Flood and Environmental Risk Management Project
- Sichuan Ziyang Inclusive Green Development Project
- Yangtze River Green Ecological Corridor Comprehensive Agriculture Development Project
- Henan Dengzhou Ecological Protection and Integrated Rehabilitation
- Hunan Xiangjiang River Watershed Existing Solid Waste Comprehensive Treatment Project
- Guizhou Gui’an New District New Urbanization Smart Transport System Development Project
- Strengthening Provincial Planning and Implementation for the Yangtze River Economic Belt
- Guizhou High Efficiency Water Utilization Demonstration in Rocky Desertification Area
- Supporting the Application of River Chief System for Ecological Protection in Yangtze River Economic Belt
- Preparing Yangtze River Economic Belt Projects
- Policy Research on Ecological Protection and Rural Vitalization for Supporting Green Development in the Yangtze River Economic Belt
Latest
People’s Republic of China Poverty Reduction and Regional Cooperation Fund: 2017 Annual Report
Nine applications were approved by the Ministry of Finance (MOF) in 2017 totaling $5.15 million.
Local currency bond markets in emerging East Asia grew 3.2% from the first quarter of 2018, with government bonds expanded 4.0% and corporate bonds rose 1.8%.
Asia Bond Monitor – September 2018
ADB Approves Key Loan Under Yangtze River Economic Belt Framework
ADB's Board of Directors today approved a $150 million loan to protect a water basin of the Yangtze River, the longest river in the People’s Republic of China.
Projects in the People's Republic of China
Proposed
- Yuxi-Mohan Subregional Railway Link Project
- Sichuan Ziyang Inclusive Green Development Project
- Qingdao Rural Waste-to-Energy and Clean Energy Supply in Rural and Suburban Areas Project
- Xinjiang Hetian Comprehensive Urban Development and Environmental Improvement Project
- Yangtze River Green Ecological Corridor Comprehensive Agriculture Development Project
Approved/Active
- Chongqing Longxi River Basin Integrated Flood and Environmental Risk Management Project
- Policy Research on Ecological Protection and Rural Vitalization for Supporting Green Development in the Yangtze River Economic Belt
- Jiangxi Shangrao Early Childhood Education Demonstration Project
- Policy and Capacity Building for Elderly Care
- Advanced Renewable Energy Technology Demonstration
Closed
- Shanxi Inclusive Agricultural Value Chain Development
- Shandong Spring City Green Modern Trolley Bus Demonstration
- Green Financing Platform for Accelerated Air Quality Improvement in the Greater Beijing-Tianjin-Hebei Region
- Guangxi Regional Cooperation and Integration Promotion Investment Program
- National Biomass Heat Supply Development Strategy
