An end to China's imbalances? /

An end to China's imbalances? /

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Bibliographic Details
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (23 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/12/100 IMF working paper ; WP/12/100.
Subject:	Balance of payments -- China -- Econometric models. Balance of payments -- Econometric models. Economic history. China -- Economic conditions. China. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12500199

Hidden Bibliographic Details
Other authors / contributors:	Ahuja, Ashvin, author. International Monetary Fund. Asia and Pacific Department, issuing body.
ISBN:	1475540493 9781475540499 9781475502909 1475502907
Notes:	Includes bibliographical references.
Summary:	Global imbalances have been a central theme of the international economic policy debate for much of the last decade, prompted by large and sustained current account deficits in the U.S. and counterpart surpluses in China, Germany, and among many of the oil producers. This paper focuses on the current state of the external imbalance in China, examining the factors underlying the post-2008 drop in China's current account surplus and analyzing the prospects for the external surplus going forward. The paper finds that China's current account surplus should remain modest in the coming years. However, despite the fact that China's medium-term current account is likely to stay below its pre-crisis range, it is too early to conclude that "rebalancing" has been truly achieved in China. While imbalances do not currently seem to be manifesting themselves as a feature of China's external accounts, the evidence increasingly points to a rising domestic imbalance as growth becomes increasingly dependent on very high levels of investment.
Other form:	Print version: End to China's imbalances? [Washington, District of Columbia] : International Monetary Fund, ©2012 22 pages IMF working paper ; WP/12/100 9781475502909
Standard no.:	10.5089/9781475540499.001

Description
Summary:	Global imbalances have been a central theme of the international economic policy debate for much of the last decade, prompted by large and sustained current account deficits in the U.S. and counterpart surpluses in China, Germany, and among many of the oil producers. This paper focuses on the current state of the external imbalance in China, examining the factors underlying the post-2008 drop in China's current account surplus and analyzing the prospects for the external surplus going forward. The paper finds that China's current account surplus should remain modest in the coming years. However, despite the fact that China's medium-term current account is likely to stay below its pre-crisis range, it is too early to conclude that "rebalancing" has been truly achieved in China. While imbalances do not currently seem to be manifesting themselves as a feature of China's external accounts, the evidence increasingly points to a rising domestic imbalance as growth becomes increasingly dependent on very high levels of investment.
Physical Description:	1 online resource (23 pages) : illustrations
Bibliography:	Includes bibliographical references.
ISBN:	1475540493 9781475540499 9781475502909 1475502907