People’s Republic of China-Hong Kong Special Administrative Region: Staff Report for the 2000 Article IV Consultation Discussions
March 2, 2001
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The People's Republic of China showed an impressive rapid economic recovery following the Asian crisis. Executive Directors commended the prudent banking practice, and stressed the need to maintain fiscal and monetary stances. They appreciated the Hong Kong Special Administrative Region's (SAR) rules-based approach to economic policy and the country's participation in the Financial Sector Assessment Program. They welcomed Hong Kong SAR's compliance with the Special Data Dissemination Standard, and urged the authorities to present monetary survey and fiscal accounts on a standardized international format.
Subject: Banking, Currency boards, Exports, Financial services, Fiscal policy, Fiscal stance, Foreign exchange, Income, International trade, National accounts
Keywords: commercial credit reference agency, CR, Currency boards, current account, director, Exports, factor price flexibility, financial system, fiscal policy, Fiscal stance, GDP growth, Hong Kong SAR, Income, interest rate, ISCR, rate, real GDP, trend rate
Pages:
35
Volume:
2001
DOI:
Issue:
043
Series:
Country Report No. 2001/043
Stock No:
1CHNEA0012001
ISBN:
9781451807752
ISSN:
1934-7685
