People's Republic of China and ADB

In the Spotlight

Three Decades of Cooperation between ADB and the People's Republic of China in Support of Reform and Opening Up

Since joining ADB in 1986, the PRC has evolved from being a poor and predominantly agrarian economy to an upper-middle income manufacturing and services powerhouse that has become a leading international source of financial, technical, and knowledge cooperation.
PRC 2019 Growth Outlook Revised to 6.3%, 2018 Steady at 6.6% — ADB

Slower demand growth and an unfavorable trade environment has dampened the People’s Republic of China’s (PRC) growth outlook for 2019, although supply-side reform, strong service sector growth, as well as monetary and fiscal support, will keep the PRC’s economy on track, according to a new ADB report.
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).
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.

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.

People's Republic of China: By the NumbersVisit the Data Library

ADB and People's Republic of ChinaFact Sheet

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.

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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.