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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As of December 31, 2013, Bank cumulative lending (IBRD and IDA) to China was close to $53 billion for 368 projects. The portfolio is concentrated in environment, transportation, urban development, rural development, energy, water resources management, and human development.