People’s Republic of China—Hong Kong Special Administrative Region: Staff Report for the 2005 Article IV Consultation Discussions
Volume/Issue:
Volume 2006
Issue 050
Publication date: February 2006
ISBN: 9781451816938
$20.00
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Topics covered in this book
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Labor , Economics- Macroeconomics , Public Finance , Demography , ISCR , CR , Hong Kong SAR authority , economic expansion , Hong Kong SAR , SAR , IMF Executive Board , Hong Kong SAR authorities , fiscal year , maintaining Hong Kong's vibrancy , Executive Board discussion , exchange rate , Labor markets , Land prices , Aging , Wages , Global , Europe , Asia and Pacific
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Summary
The staff report for the 2005 Article IV Consultation on the People’s Republic of China highlights economic developments and fiscal policy. The continued robust growth owes much to the favorable external environment, with judicious macroeconomic policies, continued structural reforms, and the confidence-building effects of the Closer Economic Partnership Arrangement (CEPA). Reflecting the buoyant activity, inflation has picked up mildly, but remains well contained. Executive Directors noted that low-income families adversely affected by the tax could be assisted through targeted transfers.
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