The People's Republic of China : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The People's Republic of China

Author/Editor: International Monetary Fund. Asia and Pacific Dept
Publication Date: August 12, 2016
Electronic Access: Free Full text (PDF file size is 2,148KB).
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Summary: This 2016 Article IV Consultation highlights China’s continued transition to sustainable growth, with progress on many fronts. Growth slowed to 6.9 percent in 2015 and is projected to moderate to 6.6 percent in 2016 owing to slower private investment and weak external demand. The economy is advancing on many dimensions of rebalancing, particularly switching from industry to services and from investment to consumption. But other aspects are lagging, such as strengthening state-owned enterprises and financial governance and containing rapid credit growth. The current account surplus is projected to decline to 2.5 percent of GDP in 2016 as imports increase and the services deficit widens with continued outbound tourism.
Series: Country Report No. 16/270
Subject(s): Article IV consultation reports | Transition economies | Economic growth | Corporate sector | Public enterprises | Debt | Floating exchange rates | Banks | Financial stability | Economic indicators | Balance of payments statistics | Staff Reports | Press releases | China, People's Republic of

Notes Also available in Chinese
Publication Date: August 12, 2016
ISBN/ISSN: 9781475524321/1934-7685 Format: Paper
Stock No: 1CHNEA2016001 Pages: 99
US$18.00 (Academic Rate:
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