Asian Development Bank and People’s Republic of China: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on the PRC as well as concise information on ADB's operations in the country and contact information. The People’s Republic of China (PRC) has received a total of $24.54 billion in loans assistance since joining the Asian Development Bank (ADB) in 1986, making it ADB’s second largest borrower and its largest client for private sector financing. In 2010, ADB approved $1.321 billion in sovereign loans to the PRC, $587 million in private sector loans and equity investment, and $22.17 million in technical assistance (TA). The PRC has deepened its relationship with ADB on many fronts. In 2005, it contributed $30 million to the Asian Development Fund (ADF) and established the $20 million PRC Regional Cooperation and Poverty Reduction Fund, becoming the first developing member country to set up such a fund with an international development agency. In 2008, the PRC contributed $35 million to the ADF. In 2010, the PRC was one of the earliest members to subscribe to ADB’s fifth general capital increase.