People’s Republic of China: Staff Report for the 2005 Article IV Consultation

November 17, 2005

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People’s Republic of China: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Also available in: 中文

Summary

The staff report for the 2005 Article IV Consultation on the People’s Republic of China highlights economic developments, policy discussions, and structural reforms. A larger external current account surplus, together with strong capital inflows, led to a further sizable increase in gross official reserves. A disorderly unwinding of global current account imbalances would also threaten China’s growth, as economic activity in all countries would likely suffer lingering adverse effects. Executive Directors commended the authorities for the success in sustaining high economic growth rates and for their efforts to guide the economy.

Subject: Banking, Commercial banks, Exchange rate adjustments, Exchange rate flexibility, Expenditure, External debt, Financial institutions, Foreign exchange

Keywords: Commercial banks, CR, Europe, Exchange rate adjustments, Exchange rate flexibility, Global, ISCR, PBC's responsibility, People's Bank of China, Policy development, Renminbi, Renminbi-U.S. dollar rate, RMB exchange rate, Staff appraisal, U.S. dollar

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/411
Stock No:

1CHNEA2005001
ISBN:

9781451807806
ISSN:

1934-7685

Notes

Also available online in Chinese.

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