that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private … existing trends continue, valuable resources could be wasted at a time when China’s ability to finance investment is facing … to that in manufacturing and real estate. Financial reform would facilitate such a reorientation, helping China to …

In coming decades, China will undergo a notable demographic transformation, with its old-age dependency ratio doubling … literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should … and future policy choices. Other implications arising from China’s demography, including the growth model, the pension …

This paper investigates macroprudential policies and their role in containing systemic risk in China. It shows that … China faces systemic risk in both the time (procyclicality) and cross-sectional (contagion) dimensions. The former is … in China …

This report discusses the IMF/World Bank Financial Sector Assessment Program (FSAP) exercise for China undertaken … during June–December 2010. The assessment concluded that reforms in China have progressed well in moving toward a more … commercially oriented financial system. Despite success and rapid growth, China’s financial sector is confronting several near …

This paper examines China’s reform experience since 1978, reviewing major initiatives taken and assessing their impact … special conditions before and during the reform process that impinged on China’s capacity to implement reforms, and, in … particular, those where China may differ from other countries undertaking reform, including former CPEs. A further consideration …

This Selected Issues paper examines the decline in the revenue-to-GDP ratio for the People’s Republic of China. In … common with most transition countries, China has experienced a sharp decline in fiscal revenues since the initiation of … China and reviews the factors behind the decline. It also compares China’s experience with that of other transition …