to be put in place following the transfer of sovereignty over Hong Kong to China in 1997. International treaties between … Britain and China from the nineteenth century are reviewed. The paper discusses Hong Kong’s current and future constitutional …

This paper reviews macroeconomic developments in China in 1994 and 1995, in particular the progress achieved during …

reflecting a large domestic output gap generated by many years of high investment. Inflation varies systemically within China … lower-income provinces. Higher Mainland food inflation also raises inflation in non-Mainland China …

This Selected Issues paper analyzes state-owned enterprise (SOE) development and reform in China. The paper discusses … review of the growth, efficiency, and profitability of SOEs. The paper argues that economic performance in SOEs has declined … in the last few years as evidenced by falling profitability, increasing losses, growing industrial inventories, and low …

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 …