People's Republic of China : 2013 Article IV Consultation

Publication Date: July 17, 2013
Electronic Access: Free Full text (PDF file size is 2,001KB).
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Summary: This staff report on People’s Republic of China 2013 Article IV Consultation highlights macroeconomic developments and outlook. China has maintained robust growth since the global crisis, but the heavy reliance on credit and investment to sustain activity is raising vulnerabilities. The consequence is a steady build-up of leverage that is eroding the strength of the financial sector, local government, and corporate balance sheets. This is most apparent in the continued rapid expansion in total social financing. The development of nontraditional finance marks a shift to more market-based intermediation, and the migration of activity to less-regulated parts of the system poses risks to financial stability.
Series: Country Report No. 13/211
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Demand | External sector | Current account surpluses | Fiscal reforms | Monetary policy | Banking sector | Exchange rate policy | Economic indicators | Staff Reports | Press releases | China

Notes Also available in Chinese
Publication Date: July 17, 2013
ISBN/ISSN: 9781475566925/1934-7685 Format: Paper
Stock No: 1CHNEA2013001 Pages: 93
US$18.00 (Academic Rate:
US$18.00 )
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