World Bank Group2019-12-182019-12-182019-11-11https://hdl.handle.net/10986/33048Following four decades of high growth and poverty reduction, China has entered a new stage of development. Governance and institutional reforms are at the core of addressing China’s remaining development challenges. The China-World Bank Group (WBG) relationship, which will complete 40 years in 2020, is also entering a new phase. To implement this approach, new WBG financing will be subject to selectivity criteria, and IBRD financing will gradually decline. IFC will apply a rigorous additionality assessment to its program. This Country Partnership Framework will focus on three areas of engagement: advancing market and fiscal reforms; promoting greener growth; and sharing the benefits of growth. Cooperating on global knowledge and development is a cross-cutting theme.CC BY 3.0 IGOFISCAL REFORMMARKET REFORMPUBLIC SECTOR REFORMGREEN GROWTHGREENHOUSE GAS EMISSIONSSHARED PROSPERITYPOVERTY REDUCTIONENGAGEMENTDEVELOPMENTKNOWLEDGE TRANSFERCLIMATE CHANGEWORLD BANK GROUP STRATEGYWORLD BANK GROUP PORTFOLIOWORLD BANK LENDINGReportWorld Bank10.1596/33048