China’s Rebalancing: Recent Progress, Prospects and Policies

November 12, 2018

Preview Citation

Format: Chicago

Rui Mano, and Jiayi Zhang. China’s Rebalancing: Recent Progress, Prospects and Policies, (USA: International Monetary Fund, 2018) accessed September 17, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

While China’s growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting the temporary factors behind the growth pickup. Going forward, rebalancing is expected to proceed as these temporary factors recede, but elevated income inequality and leverage will remain a challenge. The authorities are already pursuing several pro-rebalancing policies which could be expanded to support each dimension of rebalancing while reducing trade-offs between them.

Subject: Consumption, Environment, Income inequality, International trade, National accounts, Private debt, Trade balance

Keywords: China, Consumption, Global, IMF staff estimate, IMF WEO database, Income inequality, Macro-policy framework, Policy coordination, PPI, PPI inflation, PPI reflation, PPI-CPI differential, Private debt, Rebalancing, Reflation, Reflation of PPI, Trade balance, WP

Publication Details

Pages:

17
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2018/243
Stock No:

WPIEA2018243
ISBN:

9781484380673
ISSN:

1018-5941

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