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People’s Republic of China: Staff Report for the 2004 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2004 Article IV Consultation highlights that China has continued its rapid economic growth and integration into the global economy. Real GDP grew by 9.1 percent in 2003, underpinned by strong fixed investment and exports, which registered growth rates of 20 percent and 29 percent in real terms, respectively. Consumption growth declined somewhat from 2002, reflecting the impact of the SARS epidemic in the second quarter. Significant progress has been made in structural reforms. In the banking sector, restructuring plans are being put in place for the two state banks that were recently recapitalized.

Suggested Citation

  • International Monetary Fund, 2004. "People’s Republic of China: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2004/351, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/351
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    Citations

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    Cited by:

    1. Eswar Prasad & Shang-Jin Wei, 2007. "The Chinese Approach to Capital Inflows: Patterns and Possible Explanations," NBER Chapters, in: Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, pages 421-480, National Bureau of Economic Research, Inc.
    2. 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.
    3. Ryota Kojima & Shinya Nakamura & Shinsuke Ohyama, 2005. "Inflation Dynamics in China," Bank of Japan Working Paper Series 05-E-9, Bank of Japan.
    4. Horst Siebert, 2007. "China: Coming to Grips with the New Global Player," The World Economy, Wiley Blackwell, vol. 30(6), pages 893-922, June.
    5. Yu Hsing & Wen-Jen Hsieh, 2009. "Currency appreciation, rising financial asset values, and output fluctuations in China," Applied Economics Letters, Taylor & Francis Journals, vol. 16(8), pages 853-857.
    6. Mr. Steven V Dunaway & Mr. Vivek B. Arora, 2007. "Pension Reform in China: The Need for a New Approach," IMF Working Papers 2007/109, International Monetary Fund.
    7. Lee Branstetter & Nicholas Lardy, 2006. "China's Embrace of Globalization," NBER Working Papers 12373, National Bureau of Economic Research, Inc.

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