China's Rebalancing: Recent Progress, Prospects and Policies

18 Pages Posted: 27 Aug 2019

See all articles by Rui C. Mano

Rui C. Mano

International Monetary Fund

Jiayi Zhang

International Monetary Fund (IMF)

Date Written: November 2018

Abstract

While China's growth gathered momentum in 2017, rebalancing was uneven anddecelerated along many dimensions reflecting the temporary factors behind the growthpickup. Going forward, rebalancing is expected to proceed as these temporary factorsrecede, but elevated income inequality and leverage will remain a challenge. Theauthorities are already pursuing several pro-rebalancing policies which could be expandedto support each dimension of rebalancing while reducing trade-offs between them.

Keywords: Real sector, Producer prices, Economic status, Financial crises, Social safety nets, China, rebalancing, macro-policy framework, policy coordination, rebalance, Distributional, PPI, reflation, trade balance

JEL Classification: E21, E61, E66, E01, Z13, I3, L11, J

Suggested Citation

Mano, Rui C. and Zhang, Jiayi, China's Rebalancing: Recent Progress, Prospects and Policies (November 2018). IMF Working Paper No. 18/243, Available at SSRN: https://ssrn.com/abstract=3442858

Rui C. Mano (Contact Author)

International Monetary Fund ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

HOME PAGE: http://sites.google.com/site/ruimano/

Jiayi Zhang

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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