An End to China's Imbalances?:
Global imbalances have been a central theme of the international economic policy debate for much of the last decade, prompted by large and sustained current account deficits in the U.S. and counterpart surpluses in China, Germany, and among many of the oil producers. This paper focuses on the curren...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2012
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Schriftenreihe: | IMF Working Papers
Working Paper No. 12/100 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Global imbalances have been a central theme of the international economic policy debate for much of the last decade, prompted by large and sustained current account deficits in the U.S. and counterpart surpluses in China, Germany, and among many of the oil producers. This paper focuses on the current state of the external imbalance in China, examining the factors underlying the post-2008 drop in China's current account surplus and analyzing the prospects for the external surplus going forward. The paper finds that China's current account surplus should remain modest in the coming years. However, despite the fact that China's medium-term current account is likely to stay below its pre-crisis range, it is too early to conclude that ""rebalancing"" has been truly achieved in China. While imbalances do not currently seem to be manifesting themselves as a feature of China's external accounts, the evidence increasingly points to a rising domestic imbalance as growth becomes increasingly dependent on very high levels of investment |
Beschreibung: | 1 Online-Ressource (23 p) |
ISBN: | 1475502907 9781475502909 |
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index_date | 2024-07-03T20:13:17Z |
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record_format | marc |
series2 | IMF Working Papers |
spelling | Ahuja, Ashvin Verfasser aut An End to China's Imbalances? Ahuja, Ashvin Washington, D.C International Monetary Fund 2012 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 12/100 Global imbalances have been a central theme of the international economic policy debate for much of the last decade, prompted by large and sustained current account deficits in the U.S. and counterpart surpluses in China, Germany, and among many of the oil producers. This paper focuses on the current state of the external imbalance in China, examining the factors underlying the post-2008 drop in China's current account surplus and analyzing the prospects for the external surplus going forward. The paper finds that China's current account surplus should remain modest in the coming years. However, despite the fact that China's medium-term current account is likely to stay below its pre-crisis range, it is too early to conclude that ""rebalancing"" has been truly achieved in China. While imbalances do not currently seem to be manifesting themselves as a feature of China's external accounts, the evidence increasingly points to a rising domestic imbalance as growth becomes increasingly dependent on very high levels of investment Online-Ausg Chalk, Nigel Andrew Sonstige oth N'Diaye, Papa Sonstige oth Nabar, Malhar Sonstige oth Porter, Nathan Sonstige oth http://elibrary.imf.org/view/IMF001/12761-9781475502909/12761-9781475502909/12761-9781475502909.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Ahuja, Ashvin An End to China's Imbalances? |
title | An End to China's Imbalances? |
title_auth | An End to China's Imbalances? |
title_exact_search | An End to China's Imbalances? |
title_exact_search_txtP | An End to China's Imbalances? |
title_full | An End to China's Imbalances? Ahuja, Ashvin |
title_fullStr | An End to China's Imbalances? Ahuja, Ashvin |
title_full_unstemmed | An End to China's Imbalances? Ahuja, Ashvin |
title_short | An End to China's Imbalances? |
title_sort | an end to china s imbalances |
url | http://elibrary.imf.org/view/IMF001/12761-9781475502909/12761-9781475502909/12761-9781475502909.xml |
work_keys_str_mv | AT ahujaashvin anendtochinasimbalances AT chalknigelandrew anendtochinasimbalances AT ndiayepapa anendtochinasimbalances AT nabarmalhar anendtochinasimbalances AT porternathan anendtochinasimbalances |