People’s Republic of China: Staff Report for the 2006 Article IV Consultation
Electronic Access:
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Summary:
Prospects for the future remain favorable, provided that policy actions are taken to address the risks and challenges that China faces. The government recognizes the need to contain investment and credit growth, and has tightened the monetary policy in response. Greater exchange rate flexibility will play a role in contributing to an orderly process for resolving global current account imbalances. Center-local fiscal relations need to be reformed, and such reform will help to rebalance the economy and spread the benefits of growth.
Series:
Country Report No. 2006/394
Subject:
Banking Commercial banks Consumption Exchange rates External debt Financial institutions Financial markets Foreign exchange National accounts Stock markets
English
Publication Date:
October 31, 2006
ISBN/ISSN:
9781451807813/1934-7685
Stock No:
1CHNEA2006001
Pages:
74
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