People's Republic of China

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Located in the east of the Asian continent, on the western shore of the Pacific Ocean, the People's Republic of China (PRC) has a land area of about 9.6 million square kilometers, and is the third-largest country in the world. The PRC is a country with a very early civilization and a long, rich history. The country has become one of the world's major economic powers with the greatest potential.

Source: Official web portal of the Central People's Government of the People's Republic of China

SPOTLIGHT

The CAREC Program focuses on two of PRC's autonomous regions—Xinjiang Uygur and Inner Mongolia. Xinjiang is located in northwestern PRC and covers one-sixth of the country's territory. Xinjiang served as the key controlling section of the well-known Silk Road, while now it is part of the railway leading to the second Eurasia Continental Bridge. Situated on PRC's northern frontier, Inner Mongolia shares a 4,220 km. borderline with Mongolia and Siberia. It is a major stockbreeding center known for its Sanhe horses and oxen and fine wool sheep. It has significant coal reserves and large mineral deposits.

Feature

Economic outlook remains favorable in 2011 and 2012, according to ADB and the World Bank:

The Asian Development Bank forecasted the economy of the People’s Republic of China (PRC) to expand by 9.6% this year and 9.2% next year, representing moderate growth due to slowing investment and exports. Read more.
The World Bank saw PRC’s economic outlook to remain favorable with real GDP growth expected at 9.3% in 2011 and 8.7% in 2012, but cautioned on the risks of inflation and the property market. Read more.

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Economic Outlook

The highlight from the Asian Development Outlook 2011:
Strong investment, supported by an expansion of private consumption and net exports, powered a return to double-digit growth. The authorities ended the fiscal stimulus program and, with inflation pressures building, tightened monetary policy. GDP growth is forecast to moderate both this year and next. Inflation will rise in 2011, then likely decelerate in 2012. Going beyond the next 2 years, the new 5-year plan puts more emphasis on consumption and services as drivers of growth and on reducing both income inequality and pollution. Read more.