China has had a remarkable period of rapid growth shifting from a centrally planned to a market based economy. Today, China is an upper middle-income country that has complex development needs, where the Bank continues to play an important development role.
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January 14, 2015 — The global growth outlook for 2015 is expected to rise moderately to 3 percent, and an average about 3.3 percent through 2017. For China, the World Bank projects a 7.1 percent growth in GDP for 2015, followed by 6.9 percent in 2016. Read More »
December 19, 2014 — A new World Bank paper finds initial traffic volumes are promising, over 2.9 billion passengers have taken a high speed train trip between April 2007 and October 1st 2014. Read More »
December 12, 2014 — A World Bank financed project helped provide safer drinking water for over 730,000 people including 340,000 people with unsafe fluoride-affected ground water, and reduced pollution discharges to the Bohai Sea. Read More »
China can save a total $1.4 trillion （15% of last year's GDP) if it builds more efficient, denser cities. A new World Bank-China joint report recommends using those savings to expand social services to all people -- including migrants. Read More »