People's Republic of China: 2011 Article IV Consultation

Volume/Issue: Volume 2011 Issue 192
Publication date: August 2011
ISBN: 9781462342587
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Topics covered in this book

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Business and Economics , Law , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Business and Financial , ISCR , CR , June outturn , LG debt , local government financing vehicles , household income , price , staff forecast , staff appraisal , Exchange rates , Income , Consumption , Real interest rates , Global , Asia and Pacific

Summary

In this study, China’s economic developments and policies are discussed. Economic growth has been increased by expanding infrastructure and real estate construction. The policy measures outlined in the twelfth five-year plan and implementation of financial reform are important for China’s balanced global growth. The price-based tools of monetary policy, improvement over monetary policy framework, and interest rate structure are encouraged. The financial sector assessment program and the importance of well-sequenced financial liberalization and reforms, which are part of China’s rebalancing strategy, are ascribed.