How globalisation has affected China and related policy issues

The People’s Bank of China

A chapter in Globalisation and deglobalisation, 2018, vol. 100, pp 101-104 from Bank for International Settlements

Abstract: Globalisation is a double-edged sword, especially for EMEs. On the one hand, globalisation has boosted national income, spurred trade and investment and promoted the sustained and healthy development of China’s economy. On the other hand, globalisation has also expanded China’s domestic income gap and intensified pressure on cross-border capital flows. As a response to these challenges, and like other EMEs, China conducts sound macroeconomic policies and promotes structural reforms with the aim of creating a robust macroeconomic environment.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:bis:bisbpc:100-06

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