China: Recent Economic Developments

June 18, 1996

Summary

This paper reviews macroeconomic developments in China in 1994 and 1995, in particular the progress achieved during these years in “cooling” the economy following the intense overheating that originated in an investment boom in 1992. During 1994, efforts were intensified to achieve macroeconomic stability, with some initial headway being made in slowing the pace of economic activity. In 1995, demand and output further moderated toward more sustainable rates, with inflation declining steadily from the record high levels of 1994 to single-digit levels by end-1995.

Subject: Banking, Credit, Exports, Financial institutions, Imports, International trade, Loans, Monetary base, Money

Keywords: Asia and Pacific, balance of payments, broad money, CR, Credit, Europe, exchange rate, Exports, fixed asset, foreign direct investment, Imports, income tax, interest rate, ISCR, Loans, Monetary base, North America, retail price index, state-owned enterprise, U.S. dollar

Pages:
108
Volume:
1996
DOI:
https://doi.org/10.5089/9781451807721.002
Issue:
040
Series:
Country Report No. 1996/040
Stock No:
1CHNEA0011996
ISBN:
9781451807721
ISSN:
1934-7685

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Notes

This report was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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