China Economic Update, October 2014
In 2014, Chinas growth continued to slow which reflected policy to put their economic growth on a more sustainable footing. While policy efforts to tighten credit growth reduce excess capacity, internalize the cost of industrial pollution, and har...
| Main Authors: | , , , , , , |
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| Language: | English en_US |
| Published: |
World Bank, Beijing
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/10/20335294/china-economic-update http://hdl.handle.net/10986/22107 |
| Summary: | In 2014, Chinas growth continued to slow
which reflected policy to put their economic growth on a
more sustainable footing. While policy efforts to tighten
credit growth reduce excess capacity, internalize the cost
of industrial pollution, and harden local governments budget
constraints accelerated. These measures will produce a much
needed realignment of growth in the medium term. A week
housing market continues to be a significant drag on
domestic economic activity. The government has ample policy
buffers to contain a disorderly adjustment in the housing market. |
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