People's Republic of China

Home >> Partners >> CAREC Countries >> People's Republic of China

China, People’s
Republic of

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.

— Government of the Xinjiang Uygur Autonomous Region of the People's Republic of China

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, two CAREC projects have been completed

CAREC Contacts

CAREC-related Projects

Inner Mongolia Highway and Trade Corridor Project
	Sector: Transport	Date approved / Status: 15 February 2005 (Completed)
	Expected outcome: The project will help promote and sustain the development of cross-border trade of the People's Republic of China (PRC) with the eastern part of the Russian Federation and Mongolia, by improving transport infrastructure and logistics in the Autonomous Region of Inner Mongolia.
	Funding amount: $100.00 million (World Bank) $162.66 million (Government of the People's Republic of China)

Third Xinjiang Highway Project
	Sector: Transport	Date approved / Status: 5 September 2002 (Completed)
	Expected outcome: The project will support economic and social development in Xinjiang Uygur Autonomous Region by improving its highway transport infrastructure and strengthening the institutional capacity of its highway sector.
	Funding amount: $188.94 million (Government of the People's Republic of China) $150.00 million (Loan) (World Bank) $201,500 (Grant 1) (Government of Japan) $50,000 (Grant 2) (Government of Japan)

Xinjiang Urban Transport and Environmental Improvement Project
	Sector: Transport	Date approved / Status: 29 June 2009 (Ongoing)
	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.
	Funding amount: $100.0 million (Asian Development Bank) $87.2 million (Cities of Altay, Changji, Hami, Kuytun, and Turpan) (Shared)

1 2 3

View more projects

Feature

IMF sees threshold in [the People's Republic of] China's economy. The International Monetary Fund said the economy may cross a threshold between 2020 and 2025 when the supply of low-cost workers runs out. Read more.
Institute predicts 8.4% economic growth. The Center for Forecasting Science sees the economy to expand at 8.4% in 2013, up from the 7.8% growth of 2012. Read more.

Previous features

Economic Outlook

Highlights from the Asian Development Outlook 2012:
Domestic demand rather than exports was the driving force behind 2011’s strong performance, with high investment and consumption. The outlook for 2012 and 2013, despite uncertain global prospects, is for only moderately slower growth. The economy is gradually diversifying, with imports rising rapidly and the trade surplus now much less as a percentage of economic output. Currency appreciation, rising wage rates, increasing income disparities, and environmental concerns underscore the need for modifying the country’s growth model. With a strong ﬁscal position and declining inﬂation, the government is well positioned to implement the 12th Five-Year Plan, designed to further transform the economy. Read more.