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The World Bank In China

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 Bank continues to play an important development role.

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Project

Hebei Province Fights for Blue Skies

Annual average PM2.5 concentration level in Hebei was reduced by almost 40% between 2013 and 2017, with World Bank support.

Project

Leverages Cultural Assets in Gansu

A project in Gansu will help towns and villages leverage culture assets to boost private sector growth and economic development.

Report

China Economic Update - May 2019

China’s GDP growth is projected at 6.2 percent for 2019 and 6.1 percent for 2020.

China At-A-Glance

Since initiating market reforms in 1978, China has shifted from a centrally-planned to a market-based economy and has experienced rapid economic and social development. GDP growth has averaged nearly 10 percent a year—the fastest sustained expansion by a major economy in history—and has lifted more than 800 million people out of poverty. China reached all the Millennium Development Goals (MDGs) by 201...

Overview