The offshore renminbi bond market has boomed since the People’s Republic of China (PRC) authorities first allowed domestic banks to issue them in Hong Kong, China in June 2007. But appetite for the paper—popularly known as “dim sum bonds”—is starting to wane as access to onshore markets becomes easier. To stay relevant, the dim sum market must develop further.
Hunan, a major manufacturing hub in the PRC, recently launched a low-carbon technology incubator to offset environmental degradation and rising greenhouse emissions, and wants to become a model for developing Asia, where the business case for cleantech is emerging.
The Chinese economy is slowing down, and this is likely going to have a noticeable effect on the world economy and especially globally integrated economies in developing Asia. An analysis by ADB Chief Economist Shang-Jin Wei.
The PRC has achieved remarkable economic growth, but serious imbalances between regions and areas remain. The government is aiming to bridge these gaps by developing inclusive finance tools.
The announcement that the People's Republic of China will set up a national emissions trading market in 2017 is a game-changer that could prompt similar moves elsewhere.
Now is the time for the PRC to make carbon capture storage the cornerstone of its policy to deliver on the government’s UNFCCC pledge of peaking emissions by 2030.
The PRC wants to scale up on PPPs that deliver value-for-money, and stand the test of time.
Beijing must be far bolder if the services sector is to become a more powerful and sustainable engine of economic growth and job creation.
The joint ADB-PRC Regional Knowledge Sharing Initiative is launching a website to serve as a platform for sharing the PRC’s experiences, methods, ideas and opinions on what works and what doesn’t in development.
To attract the private sector, it needs to be given a fair chance of competing for PPPs and turning enough of a profit to recover their investment in the People’s Republic of China.