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China: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1997: Issue 071
Language:
English
Publication Date:
08 Sep 1997
DOI:
https://doi.org/10.5089/9781451807738.002
ISBN:
9781451807738
ISSN:
1934-7685
Pages:
99
Keywords:
ISCR; CR; exchange rate; broad money; retail price index; People's Bank of China; foreign direct investment; U.S. dollar; balance of payments; Commercial banks; Imports; Exports; Credit; North America
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This paper describes economic developments in the People’s Republic of China during 1996–97. In 1996, the authorities succeeded in stabilizing growth at a high level while alleviating the inflation pressures that had characterized the 1993–94 boom. From an average rate of more than 13 percent in 1992–94, real GDP growth eased to 10.5 percent in 1995 and further to 9.7 percent in 1996, reflecting moderation in the aggregate demand components, notably fixed investment. The sectoral real GDP growth pattern in 1996 was broadly unchanged from the first half of the decade.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund