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 …

China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus …

estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and … Vietnam) during 1993–2013. The main findings include: (i) both China and India have recently exhibited a slowdown in potential …;(iii) over the longer term, demographic factors will be much more supportive in India and some ASEAN economies than in China …

China’s rapid credit expansion in 2009–10 brought local government financing platforms (LGFPs) into the spotlight. This …, local governments, and sovereign balance sheet. This paper argues that LGFPs were a fortune for China in the past, but would …

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 …