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 »
December 12, 2014 — In an op-ed for China Daily, World Bank Vice President for East Asia and Pacific Axel van Trotsenburg wrote that staying the course on structural reforms could help China sustain robust economic growth in the long run. 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 »