Owing to the decline in domestic investment and trade with the rest of the world, China's real GDP in the first half of 2012 was lower than expected. Based on forecasts from China's Quarterly Macroeconomic Model (CQMM), the slowdown of the growth rate in 2013 will be moderate as a result of modestly proactive macro control policy. GDP would grow at 8.01 percent in 2012, and then rebound to 8.29 in 2013; CPI would fall to a 2.9 percent in 2012, and then would pick up to 3.27 percent in 2013. In the scenario in which the sovereign debt crisis in the euro area worsened in the second half of...
Owing to the decline in domestic investment and trade with the rest of the world, China's real GDP in the first half of 2012 was lower than expecte...
This book provides key insights into how to control local government debts and optimize the makeup of debts in China. The rapid growth of investment in infrastructure on the part of local governments has offset the slowdown of investment growth in manufacturing and real estate and maintained the growth rate of 7.7% in 2013. However, local governments' debts have accumulated, which increases the risk of debt default and threatens the stability of China's financial system. The research suggests that increasing the proportion of issuing bonds in total debts would be the first step toward...
This book provides key insights into how to control local government debts and optimize the makeup of debts in China. The rapid growth of investment ...
