People's Republic of China and ADB

In the Spotlight

PRC Growth to Hit 6.6% in 2018 — ADB Report

Strong consumer spending, rising exports, and steady public spending are helping the world’s second largest economy maintain its growth momentum, but tax and other structural reforms are needed in the People’s Republic of China (PRC) for continued inclusive and sustainable development, according to a new ADB report.
High-quality Infrastructure Boosts Trade on PRC-Viet Nam Corridor

The final leg of the 813-kilometer North-South Corridor from Kunming in southern People’s Republic of China to Hai Phong, Viet Nam, was upgraded in 2014. People and goods now flow freely all along the route.
Best Practices in Road Asset Management of CAREC Countries

This publication compiles the best practices for the introduction and development of road asset management based on a desk review of the experiences in the 11 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program, including the People's Republic of China.
ADB Approves Third Loan to Establish Facility for Improved Air Quality in Greater Beijing Area

ADB's Board of Directors has approved a €428 million ($499 million) loan to set up a regional emission-reduction and pollution-control facility to improve air quality in the greater Beijing–Tianjin–Hebei region.

中文

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.

Fact Sheet

April 2018Asian Development Bank and People's Republic of China: Fact Sheet

Latest

News from Country Offices 14 May 2018

ADB Appoints Amy S.P. Leung as Director General for East Asia
ADB has appointed Ms. Amy S.P. Leung as the new Director General of its East Asia Department, where she will lead ADB’s engagement with the PRC; Hong Kong, China; the Republic of Korea; Mongolia; and Taipei,China.
Publication 04 May 2018

Cross-Border Portfolio Investment and Financial Integration in Asia and the Pacific Region
Asia and the Pacific region faced an outflow of portfolio investment during the start of the global financial crisis and a new wave of cross-border portfolio inflows after the cris.
Speech 03 May 2018

Opening Remarks at the CAREC High-Level Session on New Opportunities for Regional Cooperation – Wencai Zhang
Opening remarks by ADB Vice-President Wencai Zhang at the CAREC High-Level Session on New Opportunities for Regional Cooperation: The Potential of CAREC–BRI Collaboration on 3 May 2018 in Manila, Philippines.