Front Matter

Author(s):
Eswar Prasad
Published Date:
June 2004
    Share
    • ShareShare
    Show Summary Details

    © 2004 International Monetary Fund

    Production: IMF Multimedia Services Division

    Typesetting: Choon Lee

    Figures: Theodore F. Peters, Jr.

    Cataloging-in-Publication Data

    • China’s growth and integration into the world economy: prospects and challenges/edited by Eswar Prasad; with contributions from Steven Barnett… [et al.]—Washington, D.C.: International Monetary Fund, 2004.

      • p. cm. — (Occasional paper, 0251–6365; 232)

        • Includes bibliographical references.

        • ISBN 1-58906-258-2

    • 1. China—Foreign economic relations. 2. Prices—China. 3. Foreign exchange—China. 4. Banks and banking—China. 5. Labor market—China. I. Prasad, Eswar. II. Barnett, Steven (Steven Alan). III. Occasional paper (International Monetary Fund); no. 232.

    HF1604.C45 2004

    Price: US$25.00

    (US$22.00 to full-time faculty members and students at universities and colleges)

    Please send orders to:

    International Monetary Fund, Publication Services

    700 19th Street, N.W., Washington, D.C. 20431, U.S.A.

    Tel.: (202) 623-7430 Telefax: (202) 623-7201

    E-mail: publications@imf.org

    Internet: http://www.imf.org

    Contents

    The following symbols have been used throughout this paper:

    • … to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • – between years or months (e.g., 2001–02 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    • / between years (e.g., 2001/02) to indicate a fiscal (financial) year.

    “n.a.” means not applicable.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.

    Preface

    This Occasional Paper provides an overview of analytical work done by IMF staff as background for the 2002 and 2003 Article IV Consultations with the People’s Republic of China.

    The authors would like to express their deep appreciation for the valuable guidance provided by Steven Dunaway, the IMF’s mission chief for China during this period. They also thank David Burton and Wanda Tseng for their encouragement and advice. The authors are grateful to the Chinese authorities for the information that they provided and for the extensive discussions and comments that helped sharpen the analysis and presentation in this paper. Ioana Hussiada provided research assistance for this project; Yuko Kobayashi and Carolina Klein handled the preparation of the manuscript; and Esha Ray of the External Relations Department coordinated production of the publication.

    The opinions expressed in this paper are solely those of its authors and do not necessarily reflect the views of the International Monetary Fund, its Executive Directors, or the Chinese authorities.

    Abbreviations and Acronyms

    ABC

    Agricultural Bank of China

    ASEAN

    Association of South-East Asian Nations

    ATC

    Agreement on Textiles and Clothing

    BOC

    Bank of China

    CARs

    Capital adequacy ratios

    CBRC

    China Banking Regulatory Commission

    CCB

    China Construction Bank

    CNAO

    National Audit Office of the People’s Republic of China

    CPI

    Consumer price index

    EIT

    Enterprise income tax

    EMBI

    JP Morgan Emerging Market Bond Index

    EU

    European Union

    FDI

    Foreign direct investment

    FFEs

    Foreign-funded enterprises

    GDP

    Gross domestic product

    GTAP

    Global Trade Analysis Project

    ICBC

    Industrial and Commercial Bank of China

    ILO

    International Labor Organization

    JSCBs

    Joint-stock commercial banks

    MFN

    Most-favored-nation

    MOLSS

    Ministry of Labor and Social Services

    NBS

    National Bureau of Statistics

    NEER

    Nominal effective exchange rate

    NFA

    Net foreign assets

    NIEs

    Newly industrialized economies

    NPL

    Nonperforming loan

    NTBs

    Nontariff barriers

    OECD

    Organization for Economic Cooperation and Development

    OLS

    Ordinary least squares

    PBC

    People’s Bank of China

    PPI

    Producer price index

    PPP

    Purchasing power parity

    RCCs

    Rural credit cooperatives

    RECs

    Reemployment centers

    REER

    Real effective exchange rate

    RPI

    Retail price index

    SCBs

    State-owned commercial banks

    SITC

    Standard International Trade Classification

    SOE

    State-owned enterprise

    TRIMs

    Trade-Related Investment Measures

    TRIPs

    Trade-Related Aspects of Intellectual Property Rights

    TSA

    Treasury single account

    TVEs

    Town and village enterprises

    ULC

    Unit labor costs

    UNCTAD

    United Nations Conference on Trade and Development

    VAR

    Vector autoregression

    VAT

    Value-added tax

    WTO

    World Trade Organization

      Other Resources Citing This Publication