Format:
Online-Ressource (31 p)
Edition:
Online-Ausg.
ISBN:
1513504649
,
9781513504643
Series Statement:
IMF Working Papers 15, 113
Content:
The paper analyzes the recent growth dynamics in China, evaluating both cyclical positions and long-term growth prospects. The analysis shows that financial cycles play a more important role than traditional inflation-based cycles in shaping the dynamics of growth. Currently, the ‘finance-neutral’ gap—our measure of the financial cycle—is large and positive, reflecting imbalances accumulated in the economy since the Global Financial Crisis. A period of slower growth is therefore both likely and needed in the near term to restore the economy to equilibrium. In the medium term, growth will slow as China moves closer to the technology frontier, but a steadfast implementation of reforms can ensure that high-income status
Additional Edition:
Erscheint auch als Druck-Ausgabe Maliszewski, Wojciech China's Growth: Can Goldilocks Outgrow Bears? Washington, D.C. : International Monetary Fund, 2015 ISBN 9781513504643
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781513504643.001
Author information:
Zhang, Longmei 1984-
