About Thierry de LonguemarThierry de Longuemar is the vice president of finance and risk management of the Asian Development Bank (ADB). He previously served as vice president of finance and administration, a position he assumed in November 2011. He served twice as ADB treasurer and, in between, was vice president of finance at the African Development Bank. A French national, he has held a variety of positions in investment banks and has a Master in Business Administration from ESSEC in Paris.
By Thierry de Longuemar. Posted September 19, 2014
Over the past several decades, we have seen how the People’s Republic of China’s (PRC) high economic growth and increasing economic integration with other countries have led to a dramatic increase in the PRC’s clout in global output and trade. Just look at the facts. The PRC is the world's second largest economy, accounting for 12% of global gross domestic product in 2013. It is also the world's largest exporter and second largest importer, accounting for about 12% of world trade in 2013. Attracting more than $110 billion in foreign direct investment (FDI) in 2013, the PRC is the world's largest developing country recipient of FDI inflows. It is also the world's largest holder of FX reserves, with a total of $3.8 trillion in reserves at the end of 2013.
Subscribe / Connect to Asia Pathways
- Agriculture and natural resources
- Capacity development
- Climate change
- Finance sector development
- Governance and public sector management
- Industry and trade
- Information and Communications Technology
- Private sector development
- Regional cooperation and integration
- Social development and protection
- Urban development
- Video Blog
- Rebooting food systems to achieve the unfinished agenda of global food security
- Remittance inflows giving resilience to Bangladesh’s rural economy amid COVID-19
- Kazakhstan and the Kyrgyz Republic need more than energy access to promote clean fuels
- Which financing sources matter for private investment in renewable energy in Asia?
- Unraveling the linkages between agriculture and climate change