In 1996, Chongqing’s per capita GDP was US$550. Twenty years later, it has grown 14 times to almost US$9,000, and the city has transitioned out of heavy industry: one in three laptops worldwide…

Xueman Wang |

A new World Bank study concludes that the Belt and Road transport corridors could substantially improve trade, foreign investment, and living conditions for citizens in participating countries—but…

Martin Raiser, Michele Ruta |

The industrial sector plays a major role in China's rapid economic development in the past four decades: in 2017, it took up more than 40% of the GDP but was also responsible for more than…

Marcin Piatkowski |

[[tweetable]]Economic progress in East Asia and Pacific (EAP) has greatly contributed to the global reduction of extreme poverty. The more prosperous countries in the region – China, Thailand, and…

Judy Yang |

A young woman is selling products on-line. Photo: Xubei Luo/World Bank China’s rapid development of e-commerce has begun to reshape production and consumption patterns as well as change people’s…

Xubei Luo |

East Asia Pacific’s (EAP) strong economic performance over the past few decades has significantly benefited and empowered women in the region, bringing better health and education and greater…

Victoria Kwakwa |

E-commerce is often perceived as a phenomenon of high-income countries, but the industry’s rapid growth in China demonstrates that the transition from physical to digital commerce does not…

Xubei Luo |

Qiulongpo Port Container Terminal in Chongqing. Photo: Li Wenyong/World Bank The 2018 Forum on China-Africa Cooperation (FOCAC) held in Beijing concluded on a high note with a pledge of $60…

Bernard Aritua |

As an urban dweller in Beijing, a rapidly modernizing city, my daily life would look like a science-fiction movie for people from just a few decades ago. I use my mobile phone to buy groceries,…

Wanli Fang |