People's Republic of China: Staff Report for the 2012 Article IV Consultation
July 24, 2012
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China’s economy has been moderate in 2012, with a GDP growth of about 8 percent. Macroeconomic policies helped to maintain sustainable growth and continued to be adjusted in line with evolving conditions. The 2012 fiscal stance balanced the past stimulus with the growing economy. The authorities have taken necessary steps to accelerate the implementation of approved projects. Directors encouraged the authorities to accelerate the transformation of China’s economy as conceived under the 12th Five-Year Plan.
Subject: Balance of payments, Banking, Consumption, Current account surpluses, External debt, Labor, National accounts, Public debt, Real effective exchange rates
Keywords: China, China's economy, Consumption, CR, Current account surpluses, economy, Global, growth, import growth, ISCR, June interest rate reform, May, nonfood inflation, reform agenda
Pages:
75
Volume:
2012
DOI:
Issue:
195
Series:
Country Report No. 2012/195
Stock No:
1CHNEA2012006
ISBN:
9781475505467
ISSN:
1934-7685
