Echoes of Success: Case Studies in the Replication of Asian Development Bank Projects in the People's Republic of China
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Echoes of Success - Asian Development Bank
ECHOES OF SUCCESS
CASE STUDIES IN THE REPLICATION OF ASIAN DEVELOPMENT BANK PROJECTS IN THE PEOPLE'S REPUBLIC OF CHINA
SEPTEMBER 2024
Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)
© 2024 Asian Development Bank
6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines
Tel +63 2 8632 4444; Fax +63 2 8636 2444
www.adb.org
Some rights reserved. Published in 2024.
ISBN 978-92-9270-827-6 (print); 978-92-9270-828-3 (PDF); 978-92-9270-829-0 (ebook)
Publication Stock No. TCS240378-2
DOI: http://dx.doi.org/10.22617/TCS240378-2
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Notes:
In this publication, $
refers to United States dollars and CNY
refers to yuan.
ADB recognizes China
as the People’s Republic of China.
Cover design by Maria Azel Cabello Gorne.
CONTENTS
Foreword
The pace and scale of development progress in the People’s Republic of China (PRC) over the past 40 years has been remarkable. Since the 1980s, a sustained period of high economic growth has made the PRC the world’s second-largest economy. It has also generated gains in poverty reduction without historical precedent. In just 4 decades, 850 million people have emerged from poverty. And as of 2020, the country has eradicated extreme