People’s Republic of China: Staff Report for the 2004 Article IV Consultation
Electronic Access:
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Summary:
This 2004 Article IV Consultation highlights that China has continued its rapid economic growth and integration into the global economy. Real GDP grew by 9.1 percent in 2003, underpinned by strong fixed investment and exports, which registered growth rates of 20 percent and 29 percent in real terms, respectively. Consumption growth declined somewhat from 2002, reflecting the impact of the SARS epidemic in the second quarter. Significant progress has been made in structural reforms. In the banking sector, restructuring plans are being put in place for the two state banks that were recently recapitalized.
Series:
Country Report No. 2004/351
Subject:
Banking Budget planning and preparation Commercial banks Credit Exchange rate flexibility External debt Financial institutions Foreign exchange Money Public financial management (PFM)
Notes:
Also available online in Chinese
English
Publication Date:
November 5, 2004
ISBN/ISSN:
9781451807769/1934-7685
Stock No:
1CHNEA0012004
Pages:
72
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