ADB’s Country Partnership Strategy for the People’s Republic of China 2021-2025

Video | 9 March 2021

A new 5-year country partnership strategy maps out ADB’s support to help the People’s Republic of China (PRC) achieve high-quality, green development under the country’s 14th Five-Year Plan 2021-2025.

Investments and knowledge work will focus on three inter-related strategic priorities: environmentally sustainable development, climate change adaptation and mitigation, and an aging society and health security.

ADB’s operations in the PRC will demonstrate new models and produce valuable lessons that can be shared with other countries facing similar challenges and have powerful development impact in the PRC and the region.

Transcript

The Asian Development Bank has been a partner with the People’s Republic of China since 1986.

The past 35 years have seen tremendous economic and social development in the country.

Hundreds of millions have been lifted out of poverty.

And the PRC has grown to become world’s second largest economy.

Now the country’s growth focus is shifting from quantity to quality and sustainability.

Yolanda Fernandez Lommen

Country Director

ADB Resident Mission in the PRC

I am proud to be a member of the team that prepared this new Country Partnership Strategy, and I am very excited about its implementation.

I find the new strategy innovative and transformational, and also very green.

Its emphasis on environmentally sustainable development and climate change adaptation and mitigation is closely aligned with the government’s objectives to peak emissions by 2030 and achieve carbon neutrality by 2060.

By doing so, we are taking our partnership with the People’s Republic of China to a new step after 35 years of successful cooperation.

ADB is supporting government efforts to achieve high-quality, green development under the 14th Five-Year Plan through a new Country Partnership Strategy covering 2021 to 2025.

Investments and knowledge work will focus on three inter-related strategic priorities: Environmentally sustainable development, Climate change adaptation and mitigation, and an aging society and health security.

Marzia Mongiorgi-Lorenzo

Head, Economics and Strategy Unit

ADB Resident Mission in the PRC

Within the three strategic priorities of the new strategy, ADB operations will transform innovative ideas into projects and produce practical experiences on how to address key development challenges, such as pollution, ecological restoration, and aging population.

These projects will demonstrate new models and produce valuable lessons that can be shared with other countries facing similar challenges.

Distilling these rich lessons into knowledge that can be shared as a public good will have powerful development impact in the PRC and the region.