Rebalancing in China Progress and Prospects is popular PDF and ePub book, written by Ms.Longmei Zhang in 2016-09-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Rebalancing in China Progress and Prospects can be Read Online from any device for your convenience.
Rebalancing in China Progress and Prospects Book PDF Summary
China is transitioning to a greener, more inclusive, more consumer and service based, and less credit-driven economy. This paper defines a framework for assessing rebalancing, reviews progress, and discusses medium-term prospects. External rebalancing has advanced well, while progress on internal rebalancing has been mixed, with substantial progress on the supply side, moderate progress on the demand side, and limited progress on the credit side. Rebalancing on income equality and environment has also been mixed, with the energy intensity of growth falling and labor’s share of income rising, but income inequality and local air pollution remaining very high. Going forward, the high national saving is expected to fall owing to demographic change and a stronger social safety net, while the investment ratio is expected to fall similarly, with increasing competition and profit normalization as growth slows. The service sector will continue to gain importance, helping reduce the carbon intensity of output and increase labor’s share of national income and household consumption. Reducing the credit intensity of growth is likely to progress slowly unless decisive corporate restructuring and SOE reforms are implemented.
Detail Book of Rebalancing in China Progress and Prospects PDF
- Author : Ms.Longmei Zhang
- Release : 06 September 2016
- Publisher : International Monetary Fund
- ISBN : 9781475532937
- Genre : Business & Economics
- Total Page : 22 pages
- Language : English
- PDF File Size : 11,9 Mb
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