IMF Staff Country Reports

The People's Republic of China : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The People's Republic of China

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

August 12, 2016

Electronic Access:

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Summary:

This 2016 Article IV Consultation highlights China’s continued transition to sustainable growth, with progress on many fronts. Growth slowed to 6.9 percent in 2015 and is projected to moderate to 6.6 percent in 2016 owing to slower private investment and weak external demand. The economy is advancing on many dimensions of rebalancing, particularly switching from industry to services and from investment to consumption. But other aspects are lagging, such as strengthening state-owned enterprises and financial governance and containing rapid credit growth. The current account surplus is projected to decline to 2.5 percent of GDP in 2016 as imports increase and the services deficit widens with continued outbound tourism.

Series:

Country Report No. 16/270

Subject:

Article IV consultation reports Balance of payments statistics Banks China, People's Republic of Corporate sector Debt Economic growth Economic indicators Financial stability Floating exchange rates Press releases Public enterprises Staff Reports Transition economies

Notes:

Also available in Chinese