Occasional Papers

China's Growth and Integration into the World Economy: Prospects and Challenges

By Eswar S Prasad

June 17, 2004

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Eswar S Prasad. China's Growth and Integration into the World Economy: Prospects and Challenges, (USA: International Monetary Fund, 2004) accessed December 24, 2024, https://doi.org/10.5089/9781589062580.084

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Summary

China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s macroeconomy and economic structure. It also surveys the main policy challenges that will need to be addressed for China to maintain sustained high growth and continued global integration.

Subject: Commercial banks, Employment, Exchange rates, Expenditure, Exports, Financial institutions, Foreign exchange, Labor, Nonperforming loans, Real exchange rates

Keywords: Africa, Asia and Pacific, China, Commercial banks, Employment, Exchange rate, Global, Inflation, Modeling exchange rate dynamics, Nonperforming loans, OP, Real exchange rates, State enterprise reform, World nonfuel commodity index, World nonfuel commodity price index, WTO accession

Publication Details

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