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
  • As of 2016, more than $1.56 billion has been invested in transport
  • 5 completed CAREC projects

PRC's Inner Mongolia to upgrade major highway to support trade and tourism

A major highway and rural roads in a remote northern area of the People's Republic of China (PRC) will be upgraded to support increased movement of goods and people, through a $200 million loan from the Asian Development Bank. Read more

CAREC in People’s Republic of China

As a member of the CAREC Program since 1997, the People’s Republic of China (PRC) pushed for greater connectivity as a way to drive growth and reduce poverty in Eurasia’s vast landlocked interior. CAREC’s evolution has accompanied the PRC’s own efforts to spread investment and growth in the region.

As the PRC works together with CAREC partners, reduced isolation and increased trade are creating more jobs and economic opportunities for all CAREC countries.

More and more cargo shipments from CAREC partners are reaching the PRC through northern and western borders that are adjacent to two areas: the Xinjiang Uygur Autonomous Region and the Inner Mongolia Autonomous Region. The government is concentrating investments in these regions that will positively impact countries in Central Asia and beyond

Xinjiang is connected through CAREC Corridor 5 with the neighboring countries of Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, and Tajikistan. Inner Mongolia shares international borders with Mongolia and the Russian Federation, and is connected to both countries through CAREC Corridor 4. These important transit routes are potential economic corridors, as they have become conduits for an increasing portion of international trade.

Key Projects

Xinjiang Regional Road Improvement Project

New road connections in Xinjiang resulted from government plans to provide strong trade links for the PRC's booming eastern provinces and to improve accessibility to the remote western regions. Read more

As of 2016, CAREC has mobilized more than $1.56 billion for five transport projects in the PRC, which promote connectivity between CAREC countries and global markets while harnessing the region’s natural and human resources.

Efforts to increase connectivity via road, rail, and air transport are providing jobs and opportunities for people in Xinjiang and Inner Mongolia. Improved highways are linking remote areas to schools, hospitals, and markets. In addition, easier access is stimulating commerce and creating bright prospects for the city of Urumqi, which is a gateway between Xinjiang and the PRC’s neighbors in Central Asia.

As reforms transform the country’s economic structure and assist the PRC’s transition to a consumption-driven, service-oriented, and environmentally sustainable economy, lives and livelihoods are set to improve even further. The current growth in trade along the CAREC transport corridors is helping spread this prosperity beyond the borders of the PRC to its Central Asian neighbors.

View all PRC projects

View all projects by corridor

 

Economic Outlook

Highlights from the Asian Development Outlook 2017:

Growth in this restructuring economy continued to decelerate in 2016, but the government ensured stability through targeted fiscal and monetary support. Inflation started to rise, and the current account surplus narrowed but remained sizeable. These trends will continue in 2017 and 2018. Structural reform needs to be accelerated to boost productivity and sustain growth as outlined in the current 5-year plan. Read full report

 

 

More economic and social indicators for the People's Republic of China from the World Bank's World Development Indicators online.

Human Development

The United Nations Development Programme prepares reports on human development in the People's Republic of China.