People’s Republic of China: 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for the People's Republic of China

July 26, 2018

Preview Citation

Format: Chicago

People’s Republic of China: 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for the People's Republic of China, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Also available in: 中文

Summary

China is at an historic juncture. After decades of high-speed growth, the authorities are now focusing on high-quality growth. Whether and how this shift is carried through will determine China’s development path for decades to come. Recent strong growth momentum and significant financial de-risking progress reduce the probability of a near-term abrupt adjustment. Rebalancing accelerated in some dimensions, especially as the current account surplus continued to fall and growth became less dependent on credit, but progress slowed in many other dimensions as exports drove the growth pick up, rather than consumption. And while credit growth has slowed, it remains excessive.

Subject: Balance of payments, Credit, Economic and financial statistics, Expenditure, Foreign direct investment, Labor, Monetary statistics, Money, Public debt

Keywords: Bank asset growth, Central Asia, China, CR, Credit, Foreign direct investment, Global, Government, Headline CPI inflation, Infrastructure fixed asset investment growth, ISCR, Mekong, Monetary statistics, PPI inflation, Zombie firm

Publication Details

Pages:

120
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/240
Stock No:

1CHNEA2018004
ISBN:

9781484370797
ISSN:

1934-7685

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