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The People’s Republic of China (PRC) contributes to ADB development finance and knowledge-sharing initiatives. The PRC has supported investments in projects promoting regional connectivity and cooperation, poverty reduction, and knowledge sharing.
ADB works with the PRC’s Ministry of Finance, policy banks including the Agricultural Development Bank of China, China Development Bank, the Export-Import Bank of China, and domestic and commercial entities on directing development finance to investment projects. Among the commercial entities are the Bank of Beijing, China Construction Bank Corporation, Shanghai Pudong Development Bank, Bank of Huzhou, Bank of Qingdao, Bank of Xingtai, Bank of Tianjin, and others.
In November 2024, the PRC committed $2 million to the Central Asia Regional Economic Cooperation (CAREC) Climate and Sustainability Project Preparatory Fund (CSPPF). The CSPPF will help address the financing gaps in achieving climate change goals through the preparation of bankable and climate-resilient regional projects for CAREC countries.
Since becoming a member in 1986, the PRC has committed $333.6 million to special funds, of which $276.6 million is for the Asian Development Fund (ADF). The ADF provides grants to ADB’s low-income, developing member countries to help reduce poverty and improve quality of life.
8 November 2024
Member countries of the Central Asia Regional Economic Cooperation (CAREC) Program endorsed a new Climate Change Action Plan and launched the CAREC Climate and Sustainability Project Preparatory Fund to strengthen regional collaboration on climate resilience, low-carbon growth, and sustainable development.
6 December 2024
ADB, China Education Group Holdings Limited, and Yantai Institute of Science and Technology signed a $200 million (in CNY equivalent) finance package to enhance higher vocational education in the People’s Republic of China by integrating climate-resilient infrastructure and promoting gender equality.
3 May 2024
Donors and ADB have agreed to a replenishment of $5 billion for ADB’s Asian Development Fund 14 and Technical Assistance Special Fund 8. The commitment was made during ADB’s 57th Annual Meeting.
The video looks at five ADB projects in the People’s Republic of China that illustrate how effective solutions to environmental and social problems have been replicated both within and outside the country.
With grant support from the People’s Republic of China, Ireland, Japan, the Republic of Korea, and the Regional Malaria and Other Communicable Disease Threats Trust Fund, ADB is scaling up efforts to help its developing member countries’ health and economic systems respond to COVID-19 outbreaks and future pandemics.
ADB and the PRC collaborated on several knowledge products including the following:
This publication looks at five projects in the People’s Republic of China to illustrate how effective solutions to environmental and social problems can be applied in different contexts.
This working paper analyzes the impact of infrastructure and trade facilitation on imports and exports in five Central Asian countries and outlines how improving hard and soft infrastructure would help boost regional trade and integration.
This webinar explores the evolution of the People’s Republic of China’s high-speed rail system, examining the economic, political, and social drivers behind its journey to develop a national network.
This report shows how adopting the One Water holistic water management approach could help the People’s Republic of China analyze rural wastewater issues and build cost-effective circular solutions based on the specific needs of each village.
This publication provides policy recommendations such as reforming the personal income tax, introducing gift and inheritance taxes, and implementing a nationwide property tax to broaden the tax base.
The forum explored how the People’s Republic of China and ADB tackle regional challenges focusing on promoting regional and global public goods across ADB’s developing member countries.
This brief explores the factors driving rising youth unemployment in the People’s Republic of China, outlines the country’s policies in response to this challenge, and proposes key areas for further policy attention.
The working paper provides county-level case studies of ecological compensation in the People’s Republic of China.
Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.
The People’s Republic of China contributes to ADB’s development initiatives through two key avenues: Cofinancing and Special Funds.
ADB and the Export-Import Bank of China (China Eximbank) signed a framework cofinancing agreement in 2009 earmarking at least $3 billion for projects in developing Asia. It aims to make it simpler for governments, sub-sovereign borrowers, and private firms to access financing, particularly for infrastructure projects.
Nonsovereign Cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported over 90 transactions valued at $84.3 million with banks domiciled in the People’s Republic of China (PRC) from 2009 to 2024. During the same period, the TSCFP supported more than 21,510 PRC exports and/or imports valued at $7.2 billion. In 2024 alone, the TSCFP supported 22 transactions valued at $6.2 million with banks domiciled in the PRC and supported 6,470 PRC exports and/or imports valued at $871.5 million. Exports and/or imports were mainly to/from Viet Nam, Bangladesh, and Uzbekistan. Underlying goods involved mostly textiles and apparel, medical and pharmaceuticals, as well as raw and non-energy commodities.
In 2022 and 2023, the TSCFP, in close collaboration with the PRC’s Ministry of Commerce (MOFCOM), provided a series of capacity building events focused on trade digitalization. The objective was to raise awareness and deepen the knowledge of private and public sector stakeholders on the United Nations Commission on International Trade Law’s Model Law on electronic trade documents. The PRC is now conducting pilots independently. The TSCFP remains committed to supporting MOFCOM in their digitalization efforts.
