China's Growth and Integration into the World Economy: Prospects and Challenges

Occasional Papers, June 17, 2004

Source details

Canonical URL: China's Growth and Integration into the World Economy: Prospects and Challenges

China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades.
The paper provides an overview of key aspects of recent developments in China’s macroeconomy and economic structure.
The paper surveys the main policy challenges that will need to be addressed for China to maintain sustained high growth and continued global integration.

Emphasis on the shift toward a private-sector-led economy.
Examination of China’s increasing integration into the world economy.
Coverage spans macroeconomic developments and structural economic changes relevant to continued growth and integration.

Identification of policy challenges that must be addressed to maintain sustained high growth.
Identification of policy challenges that must be addressed to maintain continued global integration.

Subjects: Commercial banks, Employment, Exchange rates, Expenditure, Exports, Financial institutions, Foreign exchange, Labor, Nonperforming loans, Real exchange rates
Keywords: Africa, Asia and Pacific, China, Commercial banks, Employment, exchange rate, Global, inflation, modeling exchange rate dynamics, Nonperforming loans, OP, Real exchange rates, state enterprise reform, world nonfuel commodity index, world nonfuel commodity price index, WTO accession

China's Growth and Integration into the World Economy: Prospects and Challenges — Eswar S Prasad, June 17, 2004.