The People's Republic of China; Selected Issues
International Monetary Fund
No 16/271, IMF Staff Country Reports from International Monetary Fund
This Selected Issues paper reviews China’s progress along various dimensions of rebalancing. External rebalancing has advanced well, while progress on internal rebalancing has been mixed—substantial on the supply side, moderate on the demand side, and limited on credit dependence. Rebalancing on the environment and inclusiveness has lagged. The high national rate of saving is expected to fall owing to demographic change and a stronger social safety net. The consumption ratio is expected to increase with a rising labor income share and less household saving. Supply-side rebalancing from industry to services is expected to advance further, helping reduce the carbon intensity of output and promote income equality.
Keywords: Transition economies; Economic growth; Monetary policy; Corporate sector; Credit expansion; Debt; Public enterprises; Fiscal reforms; Capital flows; Financial sector; Spillovers; Climate policy; Selected Issues Papers; China, People's Republic of (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-sea and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:16/271
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Jim Beardow ().