At a Glance - China and the IMF
- Current IMF membership: 190 countries
- China joined the Fund in December 27, 1945; Article VIII (December 1, 1996)
- At a Glance—China and the IMF
- Quota: SDR 9,525,9 million
News and Highlights
-
Letter from Vitor Gaspar to WANG Jun on China Tax Administration Reform, June 2021
June 16, 2021
-
E-Book: Opening Up and Competitive Neutrality: The International Experience and Insights for China
September 23, 2019
-
China’s Monetary Policy Communication: Frameworks, Impact, and Recommendations
IMF Working Paper, November 16, 2018
November 6, 2018
-
Money, Transformed: The Future of Currency in A Digital World
Finance and Development Magazine, June 2018
May 30, 2018
-
Macroeconomic and Financial Frameworks for the Successful Implementation of the BRI
A Joint People's Bank of China - International Monetary Fund High-level Conference on the Belt and Road Initiative (BRI)
April 4, 2018
IMF's Work on China
-
Trade Implications of China's Subsidies
August 23, 2024
Author/Editor:Lorenzo Rotunno | Michele Ruta
Series:Working Paper No. 2024/180 -
Industrial Policies for Innovation: A Cost-Benefit Framework
August 16, 2024
Author/Editor:Daniel Garcia-Macia | Alexandre Sollaci
Series:Working Paper No. 2024/176 -
Spillovers from China’s Growth Slowdown to the Singapore Economy: Singapore
August 13, 2024
Author/Editor:Kodjovi M. Eklou | Shujaat Khan | Margaux MacDonald
Series:Selected Issues Paper No. 2024/041 -
China’s Service Sector Is an Underutilized Driver of Economic Growth
August 2, 2024
Reforms to rebalance demand toward consumption and further open the service sector can promote sustainable growth and help create jobs.
-
IMF Executive Board Concludes 2024 Article IV Consultation with the People’s Republic of China
August 2, 2024
Washington, DC – August 2, 2024: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the People’s Republic of China on July 19, 2024.
IMF China Working Papers
2019
China’s Digital Economy: Opportunities and Risks (January 17, 2019)
2018
China’s High Savings: Drivers, Prospects, and Policie s (December 11, 2018)
The Long-Run Trend of Residential Investment in China (December 7, 2018)
China’s Monetary Policy Communication: Frameworks, Impact, and Recommendations (November 16, 2018) - Also Available in Chinese
China’s Rebalancing: Recent Progress, Prospects and Policies (November 12, 2018)
China’s Capacity Reduction Reform and Its Impact on Producer Prices (September 28, 2018)
Inequality in China - Trends, Drivers and Policy Remedies (June 5, 2018)
Intergovernmental Fiscal Reform in China (April 13, 2018)
Credit Booms - Is China Different? (January 4, 2018)
2017
Reassessing the Perimeter of Government Accounts in China (December 8, 2017) – Translated into Chinese for Res. Rep. but not posted on imf.org.
Resolving China's Zombies: Tackling Debt and Raising Productivity (November 27, 2017) – Also Available in Chinese
Assessing China’s Residential Real Estate Market (November 16, 2017)
Real Exchange Rate and External Balance : How Important Are Price Deflators? (March 30, 2017)
Price and Wage Flexibility in Hong Kong SAR (January 20, 2017)
2016
Quantifying the Spillovers from China Rebalancing Using a Multi-Sector Ricardian Trade Model (November 15, 2016)
When China Sneezes Does ASEAN Catch a Cold? (November 10, 2016)
Resolving China’s Corporate Debt Problem (October 14, 2016)
Rebalancing in China—Progress and Prospects (September 6, 2016)
China’s Growing Influence on Asian Financial Markets (August 12, 2016)
Spillovers from China’s Growth Slowdown and Rebalancing to the ASEAN-5 Economies (August 09, 2016)
Chinese Imports : What’s Behind the Slowdown? (May 26, 2016)
China and Asia in Global Trade Slowdown (May 26, 2016)
China's Slowdown and Global Financial Market Volatility: Is World Growth Losing Out? (March 15, 2016)
Private Sector Activity in Hong Kong SAR and the Fed: Transmission Effects through the Currency Board (February 23, 2016)
2015
China’s Labor Market in the “New Normal”, Lam ,Liu , and Schipke (July 13, 2015)
China’s Growth: Can Goldilocks Outgrow Bears? Maliszewski and Zhang (May 27, 2015)
Understanding Residential Real Estate in China, Chivakul, Lam , Liu , Maliszewski , and Schipke (April 28, 2015)
Assessing China’s Corporate Sector Vulnerabilities, Chivakul and Lam (March 30, 2015)
China: How Can Revenue Reforms Contribute to Inclusive and Sustainable Growth? Lam and Wingender (March 24, 2015)
Regional Economic Outlook
April 29, 2024
Steady Growth amid Diverging Prospects
Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. Near-term risks are now broadly balanced, as global disinflation and the prospect of monetary easing have increased the likelihood of a soft landing. Spillovers from a deeper property sector correction in China remain an important risk, however, while geoeconomic fragmentation clouds medium-term prospects. Given the diverse inflation landscape, central bank policies need to calibrate policies carefully to domestic needs. Fiscal consolidation should accelerate to contain debt burdens and debt service cost, in order to preserve budgetary space for addressing structural challenges, including population aging and climate change.
Read the Report