ADB BRIEFSNO. 178MAY 2021KEY POINTS The economy of the Peoples Republic of China (PRC) continues to perform well despite disruptions in international trade in recent yearsa testament to its economic resilience. Such resilience was forged through the upgrading of the PRCs role in global value chains (GVCs) and its transition toward more localized production networks, with the support of its massive and rapidly growing domestic consumption base. By the end of 2009, the PRC had
