China Resident Representative Site
Resident Representative Office in People's Republic of China
This web page presents information about the work of the IMF in China, including the activities of the IMF Resident Representative Office. Additional information can be found on the China and IMF country page, including IMF reports and Executive Board documents that deal with China.
News — Highlights
Media Seminar: International Monetary Fund, Resident Representative Office in the People’s Republic of China; Beijing, China
China and the IMF
May 8, 2013
Press Release: Asia Leads Global Recovery, Further Reforms Will Help Address Medium-Term Challenges, Says IMF’s Asia-Pacific Economic Outlook
Regional Economic Outlook: Asia and Pacific
Growth in the Asia-Pacific region shows signs of improving as extreme risks emanating from advanced economies have receded and domestic demand remains resilient, supported by relatively easy financial conditions and robust labor markets. A small and gradual pick-up in growth to over 5¾ percent is projected in the course of 2013. Risks to the outlook from within the region, such as rising financial imbalances and asset prices in some economies, are coming clearer into focus. Although Asia’s banking and corporate sectors have solid buffers, monetary policymakers should stand ready to respond early and decisively to shifting risks, and macroprudential measures will also have a role to play. In many Asian economies, some fiscal consolidation could also rebuild the space needed to respond to future shocks and preempt potential overheating pressures from capital inflows. In particular, there is a growing need to make tax and spending policies more efficient. To sustain high growth rates and alleviate the “middle-income trap” across Emerging Asia, the policy agenda will vary by jurisdiction but will also often include strengthening infrastructure investment and reforming goods and labor markets.