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Development Research Center (DRC; Chinese: 国务院发展研究中心; pinyin: Guówùyuàn Fāzhǎn Yánjiū Zhōngxīn) of the State Council of China is a public institution responsible for policy research, strategic review and consulting of issues related to the economic and social development on mainland China. [1]
The DRC is highly dependent on aid to fund its health services, of which the World Bank contributes 25%. Some sources attribute the increase in child immunization rates from 5% to 81% to the World Bank's role as the second-largest contributor to health service funding in the DRC. [19]
China 2030: Building a Modern, Harmonious, and Creative High-Income Society is an extensive study of the Economy of China published in 2012 by the World Bank, Washington, D.C., and the Development Research Center of the State Council, People’s Republic of China, Beijing. China 2030 attempts to set forth a possible development path for China ...
In the 21st century, Chinese investment in the DRC and Congolese exports to China have grown rapidly. The DRC joined the Belt and Road Initiative in 2021. The DRC upholds the One-China policy, recognizing the PRC as the sole legitimate government of China (rather than the ROC) and regarding Taiwan as part of China. [1]
China: 24 November 1972: See China-Democratic Republic of the Congo relations. Both countries established diplomatic relations on 24 November 1972 [70] China is a large investor in the Democratic Republic of the Congo, primarily in the secondary (manufacturing) and primary (resource extraction) markets. China has an embassy in Kinshasa.
The partnership between China and the World Bank began on December 27, 1945, when it joined the organization. After the Communist victory in 1949 in the Chinese Civil War, the Chinese Communist Party proclaimed the People's Republic of China (PRC) on the mainland while the Republic of China (ROC) government retreated to the island of Taiwan, formerly a Japanese colony it acquired in 1945 after ...
Since then, decades of corruption, war, and political instability have been a severe detriment to further growth, today leaving DRC with a GDP per capita and a HDI rating that rank among the world's lowest and make the DRC one of the most fragile and, according to the United Nations, least developed countries in the world. Despite this, the DRC ...
The World Bank-China ranking controversy refers to the alleged manipulation of China’s ranking in the World Bank’s annual Doing Business report by World Bank officials while they were negotiating a multibillion-dollar capital increase from China.