The People's Republic of China: Selected Issues

August 12, 2016

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The People's Republic of China: Selected Issues, (USA: International Monetary Fund, 2016) accessed September 18, 2024

Summary

This Selected Issues paper reviews China’s progress along various dimensions of rebalancing. External rebalancing has advanced well, while progress on internal rebalancing has been mixed—substantial on the supply side, moderate on the demand side, and limited on credit dependence. Rebalancing on the environment and inclusiveness has lagged. The high national rate of saving is expected to fall owing to demographic change and a stronger social safety net. The consumption ratio is expected to increase with a rising labor income share and less household saving. Supply-side rebalancing from industry to services is expected to advance further, helping reduce the carbon intensity of output and promote income equality.

Subject: Banking, Carbon tax, Credit, Economic sectors, External debt, External position, Foreign assets, Money, Public enterprises, Taxes

Keywords: C. SOE, Carbon tax, China, Coal tax, CR, Credit, Foreign assets, GDP, GDP ratio, Global, IMF staff estimate, ISCR, Market, Public enterprises, Reform strategy, SOE reform

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/271
Stock No:

1CHNEA2016002
ISBN:

9781475524383
ISSN:

1934-7685

Notes

Also available in Chinese

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