CIFDespite the fact that China is now the world’s second largest economy, it is still a developing country and will remain so for a long time to come. China ranks 90th worldwide in terms of per capita GDP,2 barely half the world’s average, and China still has a population of at least 150 million people below the UN poverty line of USD 1 a day per person.3 Coupled with the country’s genuine need to introduce innovative development concepts and mechanisms, these trends define a space where international impact investors can play a meaningful role in helping to create the Chinese Dream.This report reflects a combination of on-the-ground experiences of China Impact Fund (CIF) and New Ventures China (NVC), and points of view from emerging impact investing practitioners active in mainland China. It aims to consider the important but often overlooked role of impact investing in the potential transformation of China’s society over the coming decades, especially on the environmental front. Download the full report here or from the China Impact Fund websiteYou can also download the Chinese version here.