China Economic Update, June 2021 : Beyond the Recovery - Charting a Green and Inclusive Growth Path
China’s recovery has broadened as economic activity has continued to normalize. Economic growth in China is projected to reach 8.5 percent this year before slowing to 5.4 percent in 2022, as low base effects dissipate and the economy returns to trend growth. As China’s recovery firms up, macroeconom...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/764051625169940524/China-Economic-Update-Beyond-the-Recovery-Charting-a-Green-and-Inclusive-Growth-Path http://hdl.handle.net/10986/35897 |
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okr-10986-358972021-07-03T05:10:43Z China Economic Update, June 2021 : Beyond the Recovery - Charting a Green and Inclusive Growth Path World Bank EXTREME POVERTY ECONOMIC GROWTH ECONOMIC RECOVERY CURRENT ACCOUNT BALANCE LABOR MARKET CARBON-INTENSIVE FISCAL TRENDS ECONOMIC OUTLOOK RISKS INEQUALITY China’s recovery has broadened as economic activity has continued to normalize. Economic growth in China is projected to reach 8.5 percent this year before slowing to 5.4 percent in 2022, as low base effects dissipate and the economy returns to trend growth. As China’s recovery firms up, macroeconomic policies are expected to shift from accommodative to more neutral settings. The pace of policy normalization, however, should continue to be data-dependent and calibrated to the strength of the recovery in China and the rest of the world. Rising financial vulnerabilities, together with subdued productivity growth and persistent imbalances in the structure of aggregate demand, pose medium-term challenges that require attention. Macroeconomic policies and structural reforms should aim at reinvigorating the shift to more balanced high-quality growth. 2021-07-01T21:01:41Z 2021-07-01T21:01:41Z 2021-06 Report http://documents.worldbank.org/curated/en/764051625169940524/China-Economic-Update-Beyond-the-Recovery-Charting-a-Green-and-Inclusive-Growth-Path http://hdl.handle.net/10986/35897 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling East Asia and Pacific China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
EXTREME POVERTY ECONOMIC GROWTH ECONOMIC RECOVERY CURRENT ACCOUNT BALANCE LABOR MARKET CARBON-INTENSIVE FISCAL TRENDS ECONOMIC OUTLOOK RISKS INEQUALITY |
| spellingShingle |
EXTREME POVERTY ECONOMIC GROWTH ECONOMIC RECOVERY CURRENT ACCOUNT BALANCE LABOR MARKET CARBON-INTENSIVE FISCAL TRENDS ECONOMIC OUTLOOK RISKS INEQUALITY World Bank China Economic Update, June 2021 : Beyond the Recovery - Charting a Green and Inclusive Growth Path |
| geographic_facet |
East Asia and Pacific China |
| description |
China’s recovery has broadened as economic activity has continued to normalize. Economic growth in China is projected to reach 8.5 percent this year before slowing to 5.4 percent in 2022, as low base effects dissipate and the economy returns to trend growth. As China’s recovery firms up, macroeconomic policies are expected to shift from accommodative to more neutral settings. The pace of policy normalization, however, should continue to be data-dependent and calibrated to the strength of the recovery in China and the rest of the world. Rising financial vulnerabilities, together with subdued productivity growth and persistent imbalances in the structure of aggregate demand, pose medium-term challenges that require attention. Macroeconomic policies and structural reforms should aim at reinvigorating the shift to more balanced high-quality growth. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
China Economic Update, June 2021 : Beyond the Recovery - Charting a Green and Inclusive Growth Path |
| title_short |
China Economic Update, June 2021 : Beyond the Recovery - Charting a Green and Inclusive Growth Path |
| title_full |
China Economic Update, June 2021 : Beyond the Recovery - Charting a Green and Inclusive Growth Path |
| title_fullStr |
China Economic Update, June 2021 : Beyond the Recovery - Charting a Green and Inclusive Growth Path |
| title_full_unstemmed |
China Economic Update, June 2021 : Beyond the Recovery - Charting a Green and Inclusive Growth Path |
| title_sort |
china economic update, june 2021 : beyond the recovery - charting a green and inclusive growth path |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/764051625169940524/China-Economic-Update-Beyond-the-Recovery-Charting-a-Green-and-Inclusive-Growth-Path http://hdl.handle.net/10986/35897 |
| _version_ |
1764484053575139328 |