People’s Republic of China: Staff Report for the 2004 Article IV Consultation

November 5, 2004

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Format: Chicago

People’s Republic of China: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed December 27, 2024

Also available in: 中文

Summary

This 2004 Article IV Consultation highlights that China has continued its rapid economic growth and integration into the global economy. Real GDP grew by 9.1 percent in 2003, underpinned by strong fixed investment and exports, which registered growth rates of 20 percent and 29 percent in real terms, respectively. Consumption growth declined somewhat from 2002, reflecting the impact of the SARS epidemic in the second quarter. Significant progress has been made in structural reforms. In the banking sector, restructuring plans are being put in place for the two state banks that were recently recapitalized.

Subject: Banking, Budget planning and preparation, Commercial banks, Credit, Exchange rate flexibility, External debt, Financial institutions, Foreign exchange, Money, Public financial management (PFM)

Keywords: Asia and Pacific, Budget planning and preparation, Commercial banks, Consumption growth, CR, Credit, Data revision, Estimate, Exchange rate flexibility, Food price, Global, Growth, IMF staff estimate, ISCR, Loan growth

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/351
Stock No:

1CHNEA0012004
ISBN:

9781451807769
ISSN:

1934-7685

Notes

Also available online in Chinese

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