The People's Republic of China [electronic resource] : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The People's Republic of China.
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TextSeries: IMF Staff Country ReportsPublication details: Washington, D.C. : International Monetary Fund, 2016Description: 1 online resource (99 p.)ISBN: 1475524323 :ISSN: 1934-7685Subject(s): Article IV Consultation Reports | Corporate Sector | Economic Growth | Public Enterprises | Transition EconomiesAdditional physical formats: Print Version:: The People's Republic of China: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The People's Republic of ChinaOnline resources: IMF e-Library | IMF Book Store Abstract: China continues its transition to a sustainable growth path. Rebalancing has progressed on many dimensions, particularly switching from industry to services and from investment to consumption, but less on reining in rapid credit growth. Reforms have advanced impressively across a wide domain, but lagged in some critical areas, and the transition to sustainable growth is proving difficult, with sizable economic and financial volatility. Vulnerabilities are still rising on a dangerous trajectory and fiscal and foreign exchange buffers, while still adequate, are eroding.
China continues its transition to a sustainable growth path. Rebalancing has progressed on many dimensions, particularly switching from industry to services and from investment to consumption, but less on reining in rapid credit growth. Reforms have advanced impressively across a wide domain, but lagged in some critical areas, and the transition to sustainable growth is proving difficult, with sizable economic and financial volatility. Vulnerabilities are still rising on a dangerous trajectory and fiscal and foreign exchange buffers, while still adequate, are eroding.
Description based on print version record.
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