The World Bank In China

Since China began to open up and reform its economy in 1978, GDP growth has averaged almost 10 percent a year, and more than 850 million people have been lifted out of poverty.

China has achieved substantial development success since its reform and opening up in 1978. Today, China is an upper middle-income country but has remaining challenges. The World Bank is working with China to address institutional gaps and increase its contribution to global public goods.

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