{
  "title": "China’s Rebalancing: Recent Progress, Prospects and Policies",
  "publication": "IMF Working Papers, November 12, 2018",
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  "summary": "While China’s growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting the temporary factors behind the growth pickup.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- While China’s growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting the temporary factors behind the growth pickup.\n- Going forward, rebalancing is expected to proceed as these temporary factors recede, but elevated income inequality and leverage will remain a challenge.\n- The authorities are already pursuing several pro-rebalancing policies which could be expanded to support each dimension of rebalancing while reducing trade-offs between them."
    },
    {
      "heading": "Challenges and prospects",
      "content": "- Uneven rebalancing: momentum in 2017 masked deceleration in many rebalancing dimensions due to temporary factors.\n- Persistent risks: elevated income inequality and elevated leverage are identified as enduring challenges to rebalancing.\n- Outlook: rebalancing is expected to continue as temporary growth-supporting factors fade."
    },
    {
      "heading": "Policy recommendations and measures",
      "content": "- Expand existing pro-rebalancing policies to support each dimension of rebalancing.\n- Design policy adjustments to reduce trade-offs between rebalancing objectives (for example, between growth, inequality, and leverage).\n- Strengthen policy coordination within a macro-policy framework to sustain rebalancing momentum while addressing income inequality and private debt vulnerabilities.\n\nSource: China’s Rebalancing: Recent Progress, Prospects and Policies — Rui Mano and Jiayi Zhang (November 12, 2018).\n\n---\n\n Content in this bundle\n\n- China’s Rebalancing: Recent Progress, Prospects and Policies, WP/18/243, November 2018\n  - China’s Rebalancing: Recent Progress, Prospects and Policies, WP/18/243, November 2018 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - China’s Rebalancing: Recent Progress, Prospects and Policies, WP/18/243, November 2018 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2018/11/12/chinas-rebalancing-recent-progress-prospects-and-policies-46291"
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    "Authors: Rui Mano, Jiayi Zhang",
    "Published: November 12, 2018",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781484380673.001",
    "While China’s growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting the temporary factors behind the growth pickup.",
    "Going forward, rebalancing is expected to proceed as these temporary factors recede, but elevated income inequality and leverage will remain a challenge.",
    "The authorities are already pursuing several pro-rebalancing policies which could be expanded to support each dimension of rebalancing while reducing trade-offs between them.",
    "Uneven rebalancing: momentum in 2017 masked deceleration in many rebalancing dimensions due to temporary factors.",
    "Persistent risks: elevated income inequality and elevated leverage are identified as enduring challenges to rebalancing.",
    "Outlook: rebalancing is expected to continue as temporary growth-supporting factors fade.",
    "Expand existing pro-rebalancing policies to support each dimension of rebalancing.",
    "Design policy adjustments to reduce trade-offs between rebalancing objectives (for example, between growth, inequality, and leverage).",
    "Strengthen policy coordination within a macro-policy framework to sustain rebalancing momentum while addressing income inequality and private debt vulnerabilities.",
    "**China’s Rebalancing: Recent Progress, Prospects and Policies, WP/18/243, November 2018**"
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