China: Competing in the Global Economy

February 24, 2003

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Wanda S Tseng, and Markus Rodlauer. China: Competing in the Global Economy, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

China's economic reforms over the past two decades have brought tremendous economic transformation, rapid growth, and closer integration into the global economy. Real income per capita has increased fivefold, raising millions of Chinese out of poverty. Despite these achievements, difficult reforms--involving the state-owned enterprises and the financial sector--must still be completed, and social pressures from rising unemployment and income inequalities need to be addressed. China's accession to the World Trade Organization will bring benefits but will also impose obligations on the economy, and could prove to be a watershed for the reform process. This book looks at the country's reform process, its past successes and future challenges.

Subject: Balance of payments, Bank credit, Central banks, Financial crises, Financial institutions, Foreign direct investment, Money, National accounts, Nonperforming loans, Personal income, Production, Production growth, Total factor productivity

Keywords: Accession to the World Trade Organization, Africa, Asia and Pacific, Bank credit, Debt stock, Europe, Extent FDI, FDI inflow, Foreign direct investment, Global, Income distribution, Nonperforming loans, Personal income, Production growth, Reform process, South Asia, Total factor productivity, WTO accession

Publication Details

Pages:

229
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Books
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CCGEEA
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