Cover IMF Staff Country Reports
People's Republic of China: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People’s Republic of China
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 247
Language:
English
Publication Date:
08 Aug 2017
DOI:
https://doi.org/10.5089/9781484314654.002
ISBN:
9781484314654
ISSN:
1934-7685
Pages:
92
Keywords:
ISCR; CR; PPI inflation; bank asset growth; debt; headline CPI inflation; credit growth; IMF staff estimate; Monetary statistics; Global; Central Asia; Mekong
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This 2017 Article IV Consultation highlights China’s continuing transition to a more sustainable growth path and the advance of reforms across a wide domain. Growth slowed to 6.7 percent in 2016 and is projected to remain robust, at 6.7 percent, in 2017 owing to the momentum from last year’s policy support, strengthening external demand, and progress in domestic reforms. Inflation rose to 2 percent in 2016 and is expected to remain stable, at 2 percent, in 2017. Essential supervisory and regulatory action is being taken against financial sector risks, and corporate debt is growing more slowly, reflecting restructuring initiatives and overcapacity reduction.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2017: Issue 247