People’s Republic of China: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

January 8, 2021

Preview Citation

Format: Chicago

People’s Republic of China: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Also available in: 中文

Summary

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the economy rebound. However, growth is still unbalanced as the recovery has relied heavily on public support while private consumption is lagging. Rising financial vulnerabilities and the increasingly challenging external environment pose risks to the outlook. Important reforms have progressed despite the crisis, but unevenly across key areas.

Subject: COVID-19, Credit, Fiscal policy, Public debt, Social assistance spending

Keywords: Core inflation, CR, Financial support, Government-managed funds, Interest rate, ISCR, Micro enterprise, Zombie firm

Publication Details

Pages:

125
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/006
Stock No:

1CHNEA2021001
ISBN:

9781513566184
ISSN:

1934-7685

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