China: Recent Economic Developments

September 8, 1997

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China: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed September 18, 2024

Summary

This paper describes economic developments in the People’s Republic of China during 1996–97. In 1996, the authorities succeeded in stabilizing growth at a high level while alleviating the inflation pressures that had characterized the 1993–94 boom. From an average rate of more than 13 percent in 1992–94, real GDP growth eased to 10.5 percent in 1995 and further to 9.7 percent in 1996, reflecting moderation in the aggregate demand components, notably fixed investment. The sectoral real GDP growth pattern in 1996 was broadly unchanged from the first half of the decade.

Subject: Banking, Commercial banks, Credit, Expenditure, Exports, Financial institutions, Imports, International trade, Money

Keywords: Balance of payments, Broad money, Commercial banks, CR, Credit, Exchange rate, Exports, Foreign direct investment, Imports, ISCR, North America, People's Bank of China, Retail price index, U.S. dollar

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/071
Stock No:

1CHNEA0011997
ISBN:

9781451807738
ISSN:

1934-7685

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