President Takehiko Nakao has said that Asian Development Bank will support green and inclusive growth in the People’s Republic of China.
After his meeting with China's finance minister, Lou Jiwei, and other officials, he stated: ” ADB looks forward to particularly focusing on innovative projects, and supporting more environmentally sustainable and inclusive development.”
“This partnership will benefit the Asia and Pacific region.”
ADB aligned their priorities with the five-year plan of PRC to promote socially inclusive development, environmental protection and green growth.
ADB allocated $4.21 bn in assistance to the country from the years 2013 to 2015. Areas of focus will be urban development, water supply and sanitation, and transport.
The newest addition to ADB collaboration is available in the book: Greening Development in the People’s Republic of China: A Dynamic Partnership with the Asian Development Bank.
Over 90% of ADB lending is aimed at the less developed western and central regions.
ADB and PRC have a long-standing partnership which has contributed to the development sustainable practices in PRC. The main focus is green growth and rural vitalization.