PRC’s Slowdown for Asia’s Growth – Key Takeaways
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.
PRC's Dim Sum Bonds Need to Develop a New Flavor
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.
PRC Infrastructure: A Lot Done, a Long Way to Go
The country is a prolific builder, but its infrastructure investment needs are and will continue to be enormous.
Plugging Into Contactless Payment in Post-COVID Asia
Asian economies must strengthen their regulatory frameworks, and invest in digital networks and infrastructure, to support contactless payment systems.
Pandemic Partners: Regional Cooperation Has Helped Asia and the Pacific Mitigate and Recover from COVID-19
The region’s success with decades of growth and poverty reduction is due in large part to the international movement of trade, capital, people, knowledge, and resources – not only within the region but with the rest of the world. This type of regional cooperation is also a powerful tool in addressing the pandemic.
Overhauling Logistics Can Make Our Cities More Livable
Chongqing may provide the inspiration for other Asian cities to reform their logistics systems and improve their livability.
Opening Up in the Upper Middle-Income Stage
The People’s Republic of China should learn from the experience of other countries as it continues to open up its economy.
Online Job Listings Rebounded Strongly After the Pandemic
Official labor statistics take significant time to produce. In contrast, online job portals are already providing a window into labor demand in the post-pandemic job market.
Online Farms are a Win-Win for PRC Agriculture
Getting many more farms online will boost farm productivity in the People's Republic of China, and help make the country’s future growth more inclusive.
On Track for Universal Electrification, Asia and the Pacific Must Aim Higher
Asia and the Pacific must seek to achieve 24/7 electricity supply with good quality and sufficient quantity to maximize economic and human development benefits.