Huge challenges for a global player
China is one of today's most significant global players ‒ both economically and politically. The country has lifted almost half of its current population of close to 1.4 billion out of absolute poverty, thanks to an enormous economic boom which started more than 30 years ago. Despite all the success there are, however, still some areas which are underdeveloped. According to the standard international definition China is still classified as a developing country. Beyond the conurbations in the east, around 596 million people live in rural areas and another 27 million still live below the international poverty line. The country's key problems are major environmental pollution and widespread corruption. China is prepared to cooperating internationally to face its challenges backed by modern-day solutions. For instance, KfW Development Bank is supporting China, together with the Asian Development Bank (ADB), by financing a programme to reduce emissions in Beijing, Tianjin and Hebei provinces. This programme aims at significantly reducing coal consumption, increasing the use of renewable energies and public transport, as well as the creation of alternative jobs. With education and training the workers in heavy industry should get new jobs in case their factories are closed down.