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Country Focus: China

Author(s):
International Monetary Fund. External Relations Dept.
Published Date:
September 2005
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Economic growth has remained strong and inflation low. A large trade surplus, together with strong capital inflows, has kept accumulation of official reserves high. In July, China abandoned the de facto peg of its currency to the U.S. dollar and moved to a managed floating exchange rate arrangement linked to a basket of currencies, with an initial 2 percent revaluation against the dollar.

Source: CEIC Data Co., Ltd.; and IMF staff estimates.

1 FDI = foreign direct investment

2 PPI = producer price index

3 CPI = consumer price index

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