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

    Asian Development Bank | April 2009
    Abstract
    Updated yearly, this ADB Fact Sheet provides social and economic indicators on the People’s Republic of China as well as concise information on ADB's operations in the country and contact information. The People’s Republic of China (PRC) stood as one of the world’s fastest-growing economies in 2008 despite the impact of the global financial crisis and natural calamities, including severe snowstorms and the massive Wenchuan earthquake. Gross domestic product (GDP) reached 9%. Following recent changes in the low-income threshold, the PRC Government announced a new official rural poverty line (Chinese yuan [CNY]1,067 [or $157] per capita from CNY785 [or $115]), which classified 43.2 million rural dwellers as poor in 2007, up from 14.8 million under the previous classification, allowing for larger government poverty relief support. The soundness of the banking system and its limited exposure to the sub-prime crisis have prevented financial turmoil contagion in the PRC, but the effects of the crisis have been felt in the real economy through falling external demand and growing unemployment. Plummeting exports reduced industrial output to a 7-year low in late 2008, and economic contraction has resulted in millions of lost jobs.
    Citation
    Asian Development Bank. 2009. Asian Development Bank and People’s Republic of China: Fact Sheet. © Asian Development Bank. http://hdl.handle.net/11540/5770.
    Keywords
    Governance
    Governance Approach
    Policy Development
    Environmentally Sustainable Development
    Ecodevelopment
    Development policy
    Government programs
    Environment impact assessment
    Electronic Government
    Public Administration
    Communication in rural development
    Communication in community development
    Economic development projects
    Development banks
    Economic forecasting
    Environmental auditing
    Cumulative effects assessment
    Human rights and globalization
    Government
    Political development
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    Citable URI
    http://hdl.handle.net/11540/5770
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    PDF (221.2Kb)
    Author
    Asian Development Bank
    Theme
    Development
    Governance
    Labor Migration

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    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise