IMF Working Papers

IMF Working Papers
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Publisher:
International Monetary Fund
ISSN:
1018-5941
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
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Spillovers from the Maturing of China's Economy

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Spillovers from the Maturing of China's Economy
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Volume/Issue:
2016/212
Series:
IMF Working Papers
Author(s):
Allan Dizioli, Benjamin Hunt, and Wojciech Maliszewski
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
November 2016
DOI:
http://dx.doi.org/10.5089/9781475552225.001
ISBN:
9781475552225
ISSN:
1018-5941
Page:
33
China's transition to a new growth model continues and the impact has been felt across the globe. Several trends contribute to the ‘maturing' of China's economy: i) structural slowing on the convergence path; ii) on-shoring deepening; and iii) demand rebalancing from investment towards consumption. In the short term, financial stress may lead to a cyclical slowdown. This paper discusses and quantifies spillovers to the global economy from these different developments. The analysis is undertaken using the APDMOD and G20MOD, both modules of the IMF's Flexible System of Global Models. For plausible values of these developments, the overall impact on the global economy is not large. However, the impact on China's closest trading partners and commodity exporters can be notable.
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