China Economic Update - June 2022 : Between Shocks and Stimulus - Real Estate Vulnerabilities and Financial Stability in China

After a strong start in early 2022, the largest COVID-19 wave in two years and resulting mobility restrictions have disrupted China’s growth normalization. The global environment has also significantly worsened following Russia’s invasion of Ukrain...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	Washington, DC 2022
Subjects:	COVID DISRUPTION SHANGHAI LOCKDOWN TRADE VOLATILE CAPITAL FLOWS COVID RESTRICTIONS OMICRON DISRUPTION CARBON EMISSIONS HOUSING MARKET REAL ESTATE VULNERABILIITY RESIDENTIAL HOUSING DEMAND HOME OWNERSHIP SUSTAINALBLE GROWTH
Online Access:	http://documents.worldbank.org/curated/en/099640106102210762/P17579708f26d5018098840f1ad978bb54b http://hdl.handle.net/10986/37530

id	okr-10986-37530
recordtype	oai_dc
spelling	okr-10986-375302022-06-14T05:10:35Z China Economic Update - June 2022 : Between Shocks and Stimulus - Real Estate Vulnerabilities and Financial Stability in China World Bank COVID DISRUPTION SHANGHAI LOCKDOWN TRADE VOLATILE CAPITAL FLOWS COVID RESTRICTIONS OMICRON DISRUPTION CARBON EMISSIONS HOUSING MARKET REAL ESTATE VULNERABILIITY RESIDENTIAL HOUSING DEMAND HOME OWNERSHIP SUSTAINALBLE GROWTH After a strong start in early 2022, the largest COVID-19 wave in two years and resulting mobility restrictions have disrupted China’s growth normalization. The global environment has also significantly worsened following Russia’s invasion of Ukraine. Real gross domestic product (GDP) growth is projected to slow sharply to 4.3 percent in 2022. In the face of domestic and external headwinds, China's policymakers should carefully calibrate its policies. In the short term, China should balance COVID-19 mitigation with supporting economic growth. Over the medium term, greater efforts are needed to shift away from the old playbook of stimulus-led investment to boost economic growth. Decisive action to encourage a shift toward consumption, tackle social inequality, and rekindle innovation and productivity growth would help achieve a more balanced, inclusive, and sustainable growth trajectory for China. 2022-06-12T21:42:29Z 2022-06-12T21:42:29Z 2022-06 Report http://documents.worldbank.org/curated/en/099640106102210762/P17579708f26d5018098840f1ad978bb54b http://hdl.handle.net/10986/37530 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic Updates and Modeling Economic & Sector Work 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	COVID DISRUPTION SHANGHAI LOCKDOWN TRADE VOLATILE CAPITAL FLOWS COVID RESTRICTIONS OMICRON DISRUPTION CARBON EMISSIONS HOUSING MARKET REAL ESTATE VULNERABILIITY RESIDENTIAL HOUSING DEMAND HOME OWNERSHIP SUSTAINALBLE GROWTH
spellingShingle	COVID DISRUPTION SHANGHAI LOCKDOWN TRADE VOLATILE CAPITAL FLOWS COVID RESTRICTIONS OMICRON DISRUPTION CARBON EMISSIONS HOUSING MARKET REAL ESTATE VULNERABILIITY RESIDENTIAL HOUSING DEMAND HOME OWNERSHIP SUSTAINALBLE GROWTH World Bank China Economic Update - June 2022 : Between Shocks and Stimulus - Real Estate Vulnerabilities and Financial Stability in China
geographic_facet	East Asia and Pacific China
description	After a strong start in early 2022, the largest COVID-19 wave in two years and resulting mobility restrictions have disrupted China’s growth normalization. The global environment has also significantly worsened following Russia’s invasion of Ukraine. Real gross domestic product (GDP) growth is projected to slow sharply to 4.3 percent in 2022. In the face of domestic and external headwinds, China's policymakers should carefully calibrate its policies. In the short term, China should balance COVID-19 mitigation with supporting economic growth. Over the medium term, greater efforts are needed to shift away from the old playbook of stimulus-led investment to boost economic growth. Decisive action to encourage a shift toward consumption, tackle social inequality, and rekindle innovation and productivity growth would help achieve a more balanced, inclusive, and sustainable growth trajectory for China.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	China Economic Update - June 2022 : Between Shocks and Stimulus - Real Estate Vulnerabilities and Financial Stability in China
title_short	China Economic Update - June 2022 : Between Shocks and Stimulus - Real Estate Vulnerabilities and Financial Stability in China
title_full	China Economic Update - June 2022 : Between Shocks and Stimulus - Real Estate Vulnerabilities and Financial Stability in China
title_fullStr	China Economic Update - June 2022 : Between Shocks and Stimulus - Real Estate Vulnerabilities and Financial Stability in China
title_full_unstemmed	China Economic Update - June 2022 : Between Shocks and Stimulus - Real Estate Vulnerabilities and Financial Stability in China
title_sort	china economic update - june 2022 : between shocks and stimulus - real estate vulnerabilities and financial stability in china
publisher	Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/099640106102210762/P17579708f26d5018098840f1ad978bb54b http://hdl.handle.net/10986/37530
_version_	1764487398844006400

China Economic Update - June 2022 : Between Shocks and Stimulus - Real Estate Vulnerabilities and Financial Stability in China

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