People’s Republic of China: Staff Report for the 2015 Article IV Consultation

August 14, 2015

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People’s Republic of China: Staff Report for the 2015 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This 2015 Article IV Consultation highlights that China is transitioning to a new normal, with slower-yet-safer, more sustainable growth. Growth in 2014 fell to 7.4 percent and, in 2015, is forecast to slow further to 6.8 percent on the back of slower investment, especially in real estate. The labor market has remained resilient despite slower growth, as the economy pivots toward the more labor-intensive service sector. Considerable progress has been made in external rebalancing. The current account surplus fell to 2.1 percent in 2014 from the peak of about 10 percent in 2007, and the renminbi has appreciated by about 10 percent since 2014 in real effective terms. Further progress has also been made on domestic rebalancing.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Credit, Crime, Economic and financial statistics, Financial statistics, Monetary statistics, Money, Public debt

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Authority, Benchmark deposit rate, China, CR, Credit, Financial statistics, Financing, Global, ISCR, Market, Market condition, Market correction, Market intervention, Market regulation, Monetary policy, Monetary statistics

Publication Details

Pages:

123
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/234
Stock No:

1CHNEA2015001
ISBN:

9781513512907
ISSN:

1934-7685

Notes

Also available in Chinese

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