IMF Staff Country Reports

In this study, China’s economic developments and policies are discussed. Economic growth has been increased by expanding infrastructure and real estate construction. The policy measures outlined in the twelfth five-year plan and implementation of financial reform are important for China’s balanced global growth. The price-based tools of monetary policy, improvement over monetary policy framework, and interest rate structure are encouraged. The financial sector assessment program and the importance of well-sequenced financial liberalization and reforms, which are part of China’s rebalancing strategy, are ascribed.