China’s Rebalancing: Recent Progress, Prospects and Policies

Rui Mano and Jiayi Zhang

No 2018/243, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; PPI reflation; IMF staff estimate; PPI; reflation; China; rebalancing; macro-policy framework; policy coordination; PPI inflation; PPI-CPI differential; reflation of PPI; IMF WEO database; Income inequality; Consumption; Private debt; Trade balance; Global (search for similar items in EconPapers)
Pages: 17
Date: 2018-11-12
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Citations: View citations in EconPapers (1)

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