The People's Republic of China in CAREC
- Xinjiang Uygur Autonomous Region joined CAREC in 1997
- Inner Mongolia Autonomous Region joined CAREC in 2008
- Since 2002, $1.57 billion has been invested in transport and trade
- Currently there are three ongoing CAREC projects
- Since 2002, three CAREC projects have been completed
ZhangHu Railway Project
Expected outcome: The project will improve accessibility and mobility along the Zhangjiakou–Huhehaote (Hohhot) corridor through the provision of additional railway capacity and reduction of transport time for passengers and freight.
Xinjiang Urban Transport and Environmental Improvement Project
Expected outcome: The project will promote sustainable socioeconomic growth and improved living standards in five cities of Xinjiang Uygur Autonomous Region. Urban road infrastructure, traffic management, and environmental sanitation in the cities of Altay, Changji, Hami, Kuytun, and Turpan will be improved.
Xinjiang Municipal Infrastructure and Environmental Improvement Project
Expected outcome: The project will contribute to sustained socioeconomic growth and improved living standards in Altay Administrative District, Boertala Mongolian Autonomous Prefecture, and Yili Kazak Autonomous Prefecture—border areas of northern Xinjiang Uygur Autonomous Region.
Located in the northwestern People's Republic of China, the Xinjiang Uygur Autonomous Region is the largest province-level administrative region with an area of 1.66 million square kilometers. Xinjiang borders eight countries, such as the Russian Federation, Kazakhstan, the Kyrgyz Republic, Tajikistan, Pakistan, Mongolia, India, and Afghanistan. In history, Xinjiang served as the key controlling section of the well-known Silk Road.
Highlights from the Asian Development Outlook 2013:
High growth and low inflation in 2012 are expected to continue in 2013. Growth slowed but continued to shine among large economies. Consumption outpaced investment to contribute the most to expansion.In line with the emphasis on domestic demand, the current account surplus continued to decline relative to GDP in a trend expected to continue in 2013 and 2014. The challenge is to implement ambitious reforms to restructure the economy toward domestic demand and inclusive growth. Read more.
More economic and social indicators for the People's Republic of China from the World Bank's World Development Indicators online.