People's Republic of China: 2013 Article IV Consultation

July 17, 2013

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People's Republic of China: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed December 3, 2024

Also available in: 中文

Summary

This staff report on People’s Republic of China 2013 Article IV Consultation highlights macroeconomic developments and outlook. China has maintained robust growth since the global crisis, but the heavy reliance on credit and investment to sustain activity is raising vulnerabilities. The consequence is a steady build-up of leverage that is eroding the strength of the financial sector, local government, and corporate balance sheets. This is most apparent in the continued rapid expansion in total social financing. The development of nontraditional finance marks a shift to more market-based intermediation, and the migration of activity to less-regulated parts of the system poses risks to financial stability.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Balance of payments, Capital account, Capital account liberalization, Crime, Exchange rates, External debt, Public debt

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Capital account, Capital account liberalization, CEIC data Co., CR, Discussion, Estimate, Global, Interbank interest rates, ISCR, June, Market liquidity, Nonbank financing activity, Producer price inflation rate, Rate

Publication Details

Pages:

93
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/211
Stock No:

1CHNEA2013001
ISBN:

9781475566925
ISSN:

1934-7685

Notes

Also available in Chinese

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