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

International Monetary Fund

No 2016/270, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; RMB; CFETS basket RMB index; growth; debt; headline CPI inflation; PPI inflation; PPI deflation; Shanghai composite index; Anti-money laundering and combating the financing of terrorism (AML/CFT); Credit; Financial statistics; Global; Central Asia; Mekong (search for similar items in EconPapers)
Pages: 98
Date: 2016-08-12
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=44181 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2016/270

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

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 Akshay Modi ().