People's Republic of China: 2010 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion
July 29, 2010
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The Chinese government’s macroeconomic policy response to the crisis has delivered positive results, and mitigated the impact of the global downturn on its economy. The challenge now is to sustain this strong growth performance while switching decisively to an economy that is powered by the Chinese consumer. This includes maintaining the fiscal stimulus, maintaining supervisory and regulatory vigilance, deploying prudential measures to counter unwarranted growth in real estate prices, liberalizing the financial system, building out China’s social safety net, and capitalizing on urbanization, among others.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Balance of payments, Banking, Consumption, Crime, Current account surpluses, Economic and financial statistics, Financial statistics, Inflation, National accounts, Prices, Real exchange rates
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), China, commodity price inflation, Consumption, CR, Current account surpluses, Europe, Financial statistics, Global, Inflation, ISCR, price, producer price inflation, RMB spot exchange, staff appraisal, staff forecast
Pages:
64
Volume:
2010
DOI:
Issue:
238
Series:
Country Report No. 2010/238
Stock No:
1CHNEA2010001
ISBN:
9781455205868
ISSN:
1934-7685
