People’s Republic of China: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People’s Republic of China

International Monetary Fund

No 2022/021, IMF Staff Country Reports from International Monetary Fund

Abstract: China’s recovery is well advanced—but it lacks balance and momentum has slowed, reflecting the rapid withdrawal of fiscal support, lagging consumption amid recurrent COVID-19 outbreaks despite a successful vaccination campaign, and slowing real estate investment following policy efforts to reduce leverage in the property sector. Regulatory measures targeting the technology sector, intended to enhance competition, consumer privacy, and data governance, have increased policy uncertainty. China’s climate strategy has begun to take shape with the release of detailed action plans. Productivity growth is declining as decoupling pressures are increasing, while a stalling of key structural reforms and rebalancing are delaying the transition to “high-quality”—balanced, inclusive and green—growth.

Keywords: outbound direct investments; policy effort; macro leverage ratio; shifting Policy; policy uncertainty; climate strategy; Climate finance; Greenhouse gas emissions; Global (search for similar items in EconPapers)
Pages: 130
Date: 2022-01-28
New Economics Papers: this item is included in nep-cna and nep-mac
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