This web page presents information about the work of the IMF in China, including the activities of the IMF Resident Representative Office. Additional information can be found on the China and IMF country page, including IMF reports and Executive Board documents that deal with China.
China and the IMF Country Page

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At a Glance - China and the IMF

  • Current IMF membership: 191 countries
  • China joined the Fund in December 27, 1945; Article VIII (December 1, 1996)
  • At a Glance—China and the IMF
  • Quota: SDR 9,525,9 million

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News and Highlights

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IMF's Work on China

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IMF China Working Papers

2019

China’s Digital Economy: Opportunities and Risks (January 17, 2019)

2018

China’s High Savings: Drivers, Prospects, and Policie s (December 11, 2018)

The Long-Run Trend of Residential Investment in China (December 7, 2018)

China’s Monetary Policy Communication: Frameworks, Impact, and Recommendations (November 16, 2018) - Also Available in Chinese

China’s Rebalancing: Recent Progress, Prospects and Policies (November 12, 2018)

China’s Capacity Reduction Reform and Its Impact on Producer Prices (September 28, 2018)

Inequality in China - Trends, Drivers and Policy Remedies (June 5, 2018)

Intergovernmental Fiscal Reform in China (April 13, 2018)

Credit Booms - Is China Different? (January 4, 2018)

2017

Reassessing the Perimeter of Government Accounts in China (December 8, 2017) – Translated into Chinese for Res. Rep. but not posted on imf.org.

Resolving China's Zombies: Tackling Debt and Raising Productivity (November 27, 2017) – Also Available in Chinese

Assessing China’s Residential Real Estate Market (November 16, 2017)

Real Exchange Rate and External Balance : How Important Are Price Deflators? (March 30, 2017)

Price and Wage Flexibility in Hong Kong SAR (January 20, 2017)

2016

Quantifying the Spillovers from China Rebalancing Using a Multi-Sector Ricardian Trade Model (November 15, 2016)

When China Sneezes Does ASEAN Catch a Cold? (November 10, 2016)

Resolving China’s Corporate Debt Problem (October 14, 2016)

Rebalancing in China—Progress and Prospects (September 6, 2016)

China’s Growing Influence on Asian Financial Markets (August 12, 2016)

Spillovers from China’s Growth Slowdown and Rebalancing to the ASEAN-5 Economies (August 09, 2016)

Chinese Imports : What’s Behind the Slowdown? (May 26, 2016)

China and Asia in Global Trade Slowdown (May 26, 2016)

China's Slowdown and Global Financial Market Volatility: Is World Growth Losing Out? (March 15, 2016)

Private Sector Activity in Hong Kong SAR and the Fed: Transmission Effects through the Currency Board (February 23, 2016)

2015

China’s Labor Market in the “New Normal”, Lam ,Liu , and Schipke (July 13, 2015)

China’s Growth: Can Goldilocks Outgrow Bears? Maliszewski and Zhang (May 27, 2015)

Understanding Residential Real Estate in China,  Chivakul, Lam , Liu , Maliszewski , and Schipke (April 28, 2015)

Assessing China’s Corporate Sector Vulnerabilities, Chivakul and Lam (March 30, 2015)

China: How Can Revenue Reforms Contribute to Inclusive and Sustainable Growth? Lam and Wingender (March 24, 2015)

Regional Economic Outlook

October 31, 2024

Asia and Pacific: Resilient Growth but Higher Risks

Short-term prospects for Asia and the Pacific have improved slightly compared to the IMF’s April forecasts, even though growth is still expected to moderate in 2024 and 2025. The regional growth projection for 2024 has been marked up to 4.6 percent from 4.5 percent in April, largely reflecting the over-performance in the first half of the year, and the region is forecast to contribute roughly 60 percent to global growth in 2024. In 2025, more accommodative monetary conditions are expected to support activity, resulting in a slight upward growth revision to 4.4 percent from 4.3 percent in April. Inflation has retreated in much of the region. At the same time, risks have increased, reflecting rising geopolitical tensions, uncertainty about the strength of global demand, and potential for financial volatility. Demographic change will act increasingly as a brake on activity, though structural shifts into high-productivity sectors such as tradable services hold promise to sustain robust growth.
Read the Report