People's Republic of China (PRC) and ADB

ADB’s operations in the People’s Republic of China help develop innovative solutions to address climate change, environmental challenges, and population aging, with projects that provide models for replication.

ADB's Work in the PRC

In 2022, the moderate economic expansion of the People’s Republic of China (PRC) was driven by industry and increasing infrastructure investment. However, restrictions on personal mobility due to the coronavirus disease (COVID-19) and stress in the property market weighed on the recovery. Affected by lockdowns, growth in services lagged the expansion in industry. Real estate investment fell, though nominal fixed asset investment grew due to investments in manufacturing and infrastructure.

The Asian Development Bank (ADB) has been working with the PRC since 1986. To date, ADB has committed 1,193 public sector loans, grants, and technical assistance totaling $42.9 billion to the PRC. Cumulative loan and grant disbursements to the PRC amount to $35.74 billion. These were financed by regular ordinary capital resources, and other special funds. ADB’s ongoing sovereign portfolio in the PRC includes 81 loans worth $12.32 billion.

ADB committed $1.58 billion for nine sovereign loans and $303 million for four nonsovereign loans and the Supply Chain Finance Program in 2022—excluding cofinancing. This was supplemented by $19.97 million—including cofinancing and excluding regional technical assistance—for 27 technical assistance projects. ADB combined its expertise in both sovereign and nonsovereign financing to help address environmental issues, boost climate resilience, promote age- friendly cities, strengthen public health systems, and support institutional development.

ADB committed a $209.6-million loan to support the ecological restoration of fragile landscapes and a $166.3-million loan to help encourage sustainable farming practices in the Yellow River Basin. To help mitigate ecological and environmental risks in the Mulan River Basin, ADB committed $191.2 million for developing action plans for county-level environmental management and climate change adaptation. A total of $35 million in nonsovereign financing was extended to the Bank of Qingdao for developing a sustainable ocean economy. ADB also committed $47.4 million in nonsovereign financing to the Bank of Huzhou to help scale up energy efficiency and reduce the carbon footprint of micro, small, and medium-sized enterprises.

To combat pollution within and beyond the PRC, ADB committed $194.8 million for rehabilitating sections of the Heilongjiang River. The investment will help develop economic and free-trade zones using green building principles.

To strengthen institutional capacity and improve governance, the bank committed $103.3 million for improving the sustainability, affordability, and safety of water and wastewater management services in Jiaxiang County

ADB committed $319.8 million to strengthen public health institutions in the Guangxi Zhuang Autonomous Region, Guizhou Province, and Shaanxi Province. The loan will improve the quality of women’s health services and provide training to nearly 2,000 women working in public health. To expand income-earning opportunities for women living in rural areas of Gansu Province, ADB set key measures and gender targets within a $151.2-million commitment for economic diversification and climate change mitigation

Photo: Asian Development Bank
Guangxi Zhuang Autonomous Region, People's Republic of China.

Nonsovereign operations. Total outstanding balances and undisbursed commitments of ADB’s nonsovereign transactions in the PRC as of 31 December 2022 was $1.66 billion representing 13% of ADB’s total private sector portfolio.

Operational challenges. Most of ADB’s lending operations in the PRC target the less-developed regions that have weak overall institutional capacity, for which reason operational challenges persist. An increasing number of projects are implemented by municipality and county governments that have limited experience with ADB procedures. More efforts are also required to promote learning and replication of ADB-supported projects within the PRC and with other ADB developing members.


Knowledge Work

Knowledge is central to ADB’s operations in the PRC. ADB continued to devote resources to identify and test knowledge solutions on complex sustainable development challenges and promoted sharing lessons from this experience to benefit other ADB members.

In the ADB-organized East Asia Forum, experts shared the progress in providing innovative and sustainable solutions for Asia’s decarbonization. Another regional forum was held to share knowledge from elderly care projects in Yichang, Hubei for possible replication in other cities in the region.

ADB continued providing timely policy advice on mitigating energy shortage, fostering growth, and tackling inequality in the PRC. Recommendations were provided to promote fiscal stability and sustain the country’s long-term growth. Publications advocated international best practices in strengthening economic and financial resilience to natural disasters and health emergencies, among others.

30 Years of ADB-PRC Partnership



ADB signs a Memorandum of Understanding on climate change with PRC’s National Development and Reforms Commission and the Ministry of Environmental Protection.

News Release: ADB President Assures PRC Vice Premier of Strong Support for Reforms, Environment, and Poverty Reduction

A Knowledge Hub on Green Growth and Eco-compensation is launched.

News Release: PRC Knowledge Hub on Green Development and Eco-Compensation Established with ADB Support



ADB organizes the first best performing loan project awards.

The PRC-ADB Regional Knowledge Sharing Initiative is inaugurated in the ADB Resident Mission.


The ADB Resident Mission in the PRC celebrates its tenth year anniversary and the opening of its new office.


The Guangdong Energy Efficiency and Environment Improvement Investment Program is approved, one of the first large-scale energy efficiency projects in the PRC.

Case study: People's Republic of China: Clean and Efficient Energy in Guandong Province

ADB provides $400 million emergency assistance is following the Wenchuan earthquake.


A technical assistance project is launched to pilot test NGOs participation in village poverty alleviation and development planning.

Publication: People's Republic of China: Tapping a New Well



Bruce Murray, the first ADB Country Director to the PRC, receives the PRC’s Friendship Award.


ADB celebrates its 35th Annual Meeting in Shanghai.


The 16-volume Laws and Regulations of the PRC is published with ADB’s technical assistance to finance its English translation.


ADB Resident Mission in the PRC (PRCM) opens in Beijing.


ADB lending to the PRC reaches $1 billion.


A project for the development of the Shanghai: Nanpu and Yangpu bridges is approved.

Read how the phenomenal growth rate of Shanghai's Pudong area is linked to this infrastructure project: Bridges Bring Boom.





ADB’s lending operations in the PRC start with a focus on the industrial sector and financial institutions located in the country's coastal region.


Chen Muhua, State Councilor, Governor of the People’s Bank of China and the PRC Governor for ADB, attending ADB’s 19th Annual Meeting in Manila.


Government representative Che Peiqin (left) presenting the PRC’s membership application to ADB President Fujioka. The application was accepted in March 1986.

Shareholding and Voting Power

Number of Shares Held
684,000 (6.43% of total shares)

723,114 (5.44% of total membership, 8.35% of total regional membership)

*Overall capital subscription
$9.1 billion

*Paid-in capital subscription
$455.29 million

* United States dollar figures are valued at rate as of 31 December 2022.

ADB Governor: Liu Kun
ADB Alternate Governor: Wang Dongwei
ADB Director: Weihua Liu
ADB Alternate Director: Xia Lyu
ADB Director’s Advisors: Wei Wu (People’s Republic of China) and Min Tian (People’s Republic of China)

Financing Partnerships

Financing partnerships enable ADB’s financing partner governments or their agencies, multilateral financing institutions, and private organizations to participate in financing ADB projects. The additional funds provided may be in the form of loans and grants, technical assistance, and nonsovereign cofinancing.

Cumulative cofinancing commitments in the PRC:

  • Sovereign cofinancing: $2.99 billion for 38 investment projects and $75.48 million for 121 technical assistance projects since 1987
  • Nonsovereign cofinancing: $3.54 billion for 32 investment projects since 1991

In 2022, the PRC received $100 million loan cofinancing from the Green Climate Fund for the Shandong Green Development Fund – Additional Financing.


Future Directions

Under the country partnership strategy, 2021–2025, ADB is committed to fostering a more focused and multifaceted partnership with the PRC to enable the country to increasingly replicate successful development outcomes and innovative models, and share learning and experience. The evolution of the partnership requires ADB’s operations to be more selective and catalytic, focusing on innovative and demonstrative projects in specific areas of engagement where ADB can add value. Coordination between sovereign and nonsovereign operations and the “One ADB” approach will help scale up ADB support in financing, sector knowledge, and cutting-edge technology; catalyze private capital; and enhance efficiency in operations.

This article was originally published in the ADB and the People’s Republic of China: Fact Sheet. Updated yearly, this ADB Fact Sheet provides concise information on ADB's operations in the country and contact information.


People’s Republic of China Resident Mission
17th Floor, China World Tower A
1 Jian Guo Men Wai Avenue
Chaoyang District, Beijing 100004
People’s Republic of China
Tel: +86 10 8573 0909
Fax: +86 10 8573 0808

Ministry of Finance
Sanlihe, Xicheng District, Beijing 100820
People’s Republic of China
Fax: +86 10 68551125

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