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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A forestry project in China’s Guangxi region increased coverage and reduced carbon emissions. More than 215,000 rural families benefited, from additional earnings planting trees to receiving seed grants that helped them create new sources of income. 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 »