People’s Republic of China: Staff Report for the 2006 Article IV Consultation

October 31, 2006

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People’s Republic of China: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 22, 2024

Summary

Prospects for the future remain favorable, provided that policy actions are taken to address the risks and challenges that China faces. The government recognizes the need to contain investment and credit growth, and has tightened the monetary policy in response. Greater exchange rate flexibility will play a role in contributing to an orderly process for resolving global current account imbalances. Center-local fiscal relations need to be reformed, and such reform will help to rebalance the economy and spread the benefits of growth.

Subject: Banking, Commercial banks, Consumption, Exchange rates, External debt, Financial institutions, Financial markets, Foreign exchange, National accounts, Stock markets

Keywords: Commercial banks, Consumption, CR, Credit growth, Exchange rates, Global, Growth, Headline CPI inflation, Investment growth, ISCR, Liquidity in the banking system, Net export, Stock markets, US$ rate

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/394
Stock No:

1CHNEA2006001
ISBN:

9781451807813
ISSN:

1934-7685

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