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China Economic Update
Report

China Economic Update

June 2015

The World Bank
World Bank, 2015
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Editorial Rating

7

Qualities

  • Comprehensive
  • Analytical
  • Background

Recommendation

China’s economy is growing, but not at the torrid double-digit annual pace that it had maintained since the 1980s. A shift in the dynamics behind such growth away from exports, manufacturing and investment and toward domestic spending, services and consumption underpins that deceleration. The Chinese economy will benefit in the longer term, as it adjusts to a new level of sustainable growth. This authoritative analysis from the World Bank is accessible more to the specialist than to the lay reader. Thus, getAbstract recommends it to those well versed in economic policy.

Take-Aways

  • Chinese policies to cut local government borrowing, shadow banking activity and industrial excess capacity will enable slow but steady economic development.
  • Credit constraints are bringing about a correction in real estate, while slower growth in industrial output and exports are having knock-on effects on domestic consumption.
  • The government is applying both monetary and fiscal stimuli to prevent a slowdown from damaging longer-term economic prospects.

About the Author

The World Bank provides financial and technical assistance to developing countries.

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