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China’s Economy 2016/17: Seeking Growth with Stability Amidst External Uncertainty

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  • John WONG

Abstract

China’s economy ended 2016 with 6.7% growth. It formally ended its era of double-digit growth in 2012 with 7.7%. China has managed growth deceleration remarkably well by letting it slide gradually. This was achieved mainly by the government’s pro-growth policy intervention through expansionary fiscal and monetary policies. The government has recently refocused its macroeconomic policy from demand-side management to supply-side structural reforms, giving priority to reducing over-capacity and de-leveraging. For 2017, growth is expected to slow to 6.5% due to great uncertainties including the potentially hostile US economic policies of President Trump.

Suggested Citation

  • John WONG, 2017. "China’s Economy 2016/17: Seeking Growth with Stability Amidst External Uncertainty," East Asian Policy (EAP), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 21-38, January.
    • Handle: RePEc:wsi:eapxxx:v:09:y:2017:i:01:n:s1793930517000022
    DOI: 10.1142/S1793930517000022
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