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People’s Republic of China: Staff Report for the 2006 Article IV Consultation

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  • International Monetary Fund

Abstract

Prospects for the future remain favorable, provided that policy actions are taken to address the risks and challenges that China faces. The government recognizes the need to contain investment and credit growth, and has tightened the monetary policy in response. Greater exchange rate flexibility will play a role in contributing to an orderly process for resolving global current account imbalances. Center-local fiscal relations need to be reformed, and such reform will help to rebalance the economy and spread the benefits of growth.

Suggested Citation

  • International Monetary Fund, 2006. "People’s Republic of China: Staff Report for the 2006 Article IV Consultation," IMF Staff Country Reports 2006/394, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2006/394
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    Cited by:

    1. Robert M Stern, 2009. "Trade in Financial Services--Has the IMF Been Involved Constructively?," Working Papers 587, Research Seminar in International Economics, University of Michigan.
    2. Jeffrey A. Frankel & Shang-Jin Wei, 2007. "Assessing China's exchange rate regime [‘Working with the IMF to strengthen exchange rate surveillance’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 22(51), pages 576-627.

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