According to the latest available purchasing power parity (PPP) data, China’s gross domestic product (GDP) in PPP terms overtook the USA’s in 2013, and now accounts for nearly 19% of the global…

Edie Purdie |

From this visit to Huimin, it is clear that e-commerce has brought new opportunities to China’s countryside. It has catalyzed local entrepreneurship, brought some migrants back home, reuniting…

Martin Raiser, Xubei Luo |

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 |

Since fintech offers the chance to boost economic growth and expand financial inclusion in all countries, the IMF and World Bank surveyed central banks, finance ministries, and other relevant…

Tobias Adrian, Ceyla Pazarbasioglu |

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 |

A host of analyses over the last few years have examined the correlation between the size of an economy and its impact on climate. In addition, the costs and socio-economic consequences of climate…

Edie Purdie |

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 |

  The Richtersveld Community Conservancy on the south border of the Richtersveld National Park in the Northern Cape Province of South Africa. Photo: John Hogg/World Bank  This week I was at the G7…

Karin Erika Kemper |