People’s Republic of China : Staff Report for the 2015 Article IV Consultation

Author/Editor: International Monetary Fund. Asia and Pacific Dept
Publication Date: August 14, 2015
Electronic Access: Free Full text (PDF file size is 4,219KB).
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Summary: This 2015 Article IV Consultation highlights that China is transitioning to a new normal, with slower-yet-safer, more sustainable growth. Growth in 2014 fell to 7.4 percent and, in 2015, is forecast to slow further to 6.8 percent on the back of slower investment, especially in real estate. The labor market has remained resilient despite slower growth, as the economy pivots toward the more labor-intensive service sector. Considerable progress has been made in external rebalancing. The current account surplus fell to 2.1 percent in 2014 from the peak of about 10 percent in 2007, and the renminbi has appreciated by about 10 percent since 2014 in real effective terms. Further progress has also been made on domestic rebalancing.
Series: Country Report No. 15/234
Subject(s): Article IV consultation reports | Balance of payments statistics | China | Debt sustainability analysis | Economic growth | Economic indicators | Economic conditions | Fiscal reforms | Monetary policy | Press releases | Public enterprises | Spillovers | Staff Reports | China, People's Republic of

Notes Also available in Chinese
Publication Date: August 14, 2015
ISBN/ISSN: 9781513512907/1934-7685 Format: Paper
Stock No: 1CHNEA2015001 Pages: 123
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