China is at an historic juncture. After decades of high-speed growth, the authorities are now focusing on high-quality growth. Whether and how this shift is carried through will determine China's development path for decades to come. Recent strong growth momentum and significant financial...

KEY ISSUES Context. After three decades of remarkable growth, the economy has been slowing. Much of the slowdown has been structural, reflecting the natural convergence process and waning dividends from past reforms; weak global growth has also contributed. Moreover, since the global financial...

This Selected Issues paper focuses on recalibrating the coronavirus disease (COVID) strategy in the People's Republic of China. Successfully containing outbreaks also supported the gradual transition to more targeted and flexible containment measures, refining the overall strategy in line with...

The 2022 Article IV Consultation discusses that following an impressive recovery from the initial impact of the pandemic, China's growth slowed significantly in 2022. In response to slowing growth momentum, macroeconomic policies appropriately turned expansionary in 2022. On the fiscal side, the...