IMF Staff Country Reports

People’s Republic of China: Staff Report for the 2005 Article IV Consultation

Publication Date:

November 17, 2005

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The staff report for the 2005 Article IV Consultation on the People’s Republic of China highlights economic developments, policy discussions, and structural reforms. A larger external current account surplus, together with strong capital inflows, led to a further sizable increase in gross official reserves. A disorderly unwinding of global current account imbalances would also threaten China’s growth, as economic activity in all countries would likely suffer lingering adverse effects. Executive Directors commended the authorities for the success in sustaining high economic growth rates and for their efforts to guide the economy.

Series:

Country Report No. 2005/411

Subject:

Banking Commercial banks Exchange rate adjustments Exchange rate flexibility Expenditure External debt Financial institutions Foreign exchange

Notes:

Also available online in Chinese.