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
- 3 ongoing CAREC projects
- 3 completed CAREC projects
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 2014:
Last year saw high and stable economic growth, subdued inflation, and a smaller current account surplus. Slightly lower growth, higher inflation, and a still smaller current account surplus are forecast for 2014 and 2015. Containing credit growth while maintaining growth momentum is one policy challenge, and another to improve income distribution. Read more.