Description: China Economic Update, June 2015

China Economic Update, June 2015

Chinas economic growth continues to moderate, in 2014 gross domestic product (GDP) expanded by 7.4 percent, within the governments indicative growth target of about 7.5 percent for the year, but sharply slower than the 10 percent annual growth rate...

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Bibliographic Details
Main Authors:	Smits, Karlis, Goh, Chorching, Zhao, Luan, Vashakmadze, Ekaterine, Hill, Justin, Kuriakose, Smita, Freije-Rodriguez, Samuel
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	DOMESTIC BOND CONTINGENT LIABILITIES MONETARY POLICY HOLDING DURABLE GOODS CROSS-BORDER FLOWS EQUIPMENT REAL ESTATE INVESTMENT CHECKS DEPOSITS DEMAND FOR CREDIT MARKET MECHANISMS REAL INTEREST RATES DEED VALUATION DEBTORS INTEREST OPTION ECONOMIC DEVELOPMENTS DEBT MANAGEMENT DOMESTIC MARKET DEVELOPING COUNTRIES TOTAL DEBT REVENUES PORTFOLIO FISCAL POLICY LOAN BUDGET CONSTRAINTS BORROWERS LOAN RATES MARKET ACCESS RURAL BANKS INSTRUMENTS BOND AUCTIONS INTEREST EXPENDITURES SMALL BUSINESS ALLOCATION OF CREDIT LABOR MARKET CAPITAL OUTFLOW OIL PRICES ALLOCATION OF CAPITAL MARKET REFORMS CURRENCY FINANCIAL INSTITUTION MARKET DEVELOPMENT EXPORT GROWTH LOAN RATE HOME FINANCING INCOME GROWTH DEBTS CAPITAL FORMATION EXCHANGE RATES BOND ISSUANCE FINANCIAL INSTITUTIONS DEBT CAPITAL MARKET MARKETS LOCAL GOVERNMENT PUBLIC FINANCE DEPOSIT INSURANCE DEMAND-SIDE FACTORS BUDGET DEFICIT INVENTORY BANKING SECTOR BAILOUT FISCAL DEFICIT FOREIGN CURRENCY EXPOSURE TRANSACTIONS IPO AUCTIONS GENERAL OBLIGATION BONDS SAVINGS RATES HUMAN CAPITAL FEDERAL RESERVE INTEREST PAYMENTS DEBT-SERVICE DOMESTIC LIQUIDITY FUTURE LOCAL DEBT FOREIGN DIRECT INVESTMENT INVESTMENT PROJECTS PRICE CHANGES ISSUANCE LIQUIDITY MANAGEMENT MARKET DISCIPLINE TAX RATES SHARES GRACE PERIOD NET DEBT SECURITIES TREASURY INSURANCE CURRENCIES GOVERNMENT DEBT GOVERNMENT BONDS CAPITAL MARKET DEVELOPMENT MUNICIPAL INVESTMENTS REGISTRATION SYSTEM DOMESTIC BOND MARKET COMMERCIAL BANKS DEBT MANAGEMENT GUIDELINES TREASURY BONDS FINANCIAL RISKS INVESTMENT ACTIVITY TREASURY YIELDS COUPON INTEREST RATE DIFFERENTIAL INDEBTED HOUSEHOLDS FINANCIAL SUPPORT CONSUMER PRICE INDEX LENDING PUBLIC SECTOR DEBT DEBT SWAP MATURITIES BANKING LAW EXCESS SUPPLY LABOR MARKETS COMMODITY PRICES LIABILITIES CAPITAL ACCOUNT DEVELOPMENT BANK INVESTING HOUSEHOLD INCOMES DEFICIT DEPOSIT CAPITAL MARKETS BASIS POINTS GOVERNMENT EXPENDITURES BROAD MONEY INTEREST RATE SPREAD STOCK REPO ASSET PRICES GUARANTEES FINANCIAL DISTRESS PENSION SYSTEMS INTEREST RATE PROPERTY RIGHTS EXCHANGE STOCK MARKET BALANCE OF PAYMENTS BANKING SYSTEM LOCAL GOVERNMENTS CONSUMER GOODS LIQUIDITY REAL INTEREST CDS MORTGAGE OUTSTANDING CREDIT BONDS TAX INCOME TAX BOND YIELDS RESERVE CREDITORS INFLATION PENSION BUDGET CENTRAL BANK MATURITY TRADE BALANCE INITIAL DEBT TELECOMMUNICATIONS CURRENT ACCOUNT SURPLUS CAPITAL BASES PRIVATE BANKS TRADING INTEREST RATES CAPITAL OUTFLOWS PRIVATE INVESTMENT HOUSEHOLD INCOME PENSION REFORM RETURN LENDERS FIXED ASSET DIRECT INVESTMENT LOANS RESERVES INVENTORIES PRIVATE CAPITAL COUPON RATES PORTFOLIO INVESTMENTS GOVERNMENT FINANCING GROSS DOMESTIC PRODUCT RULE OF LAW FINANCIAL SYSTEM RETURN ON ASSETS FINANCE FOREIGN CURRENCY PUBLIC INVESTMENT TAXES CERTIFICATES OF DEPOSITS EXPENDITURE INFRASTRUCTURE INVESTMENT EQUITY CREDIT EXPANSION INVESTORS FOREIGN EXCHANGE RESERVES FORMAL LOANS FINANCIAL CRISIS FINANCIAL INSTRUMENTS BOND MARKET CONTRACT REPAYMENT EXPENDITURES ECONOMIC EFFICIENCY CAPITAL FLOWS PROPERTY PROPERTIES FOREIGN BANKS BALANCE SHEET MARKET FOREIGN EXCHANGE CORPORATE DEBT GOODS CORPORATE BONDS SECURITY BANK LOANS DURABLE STOCKS INVESTMENT OUTSTANDING DEBT BOND SHARE INVESTMENT CLIMATE BOND SWAP BALANCE SHEETS COLLATERAL POVERTY INTEREST COSTS CAPITAL INFLOWS REVENUE EXTERNAL DEBT PROFIT INVESTMENTS INFORMAL LENDERS CHECK INTELLECTUAL PROPERTY CREDIT GROWTH EXCHANGE RATE SECURITIES LAW SMALL BUSINESSES SWAP NONPERFORMING LOANS
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24753523/china-economic-update http://hdl.handle.net/10986/22122

Description
Summary:	Chinas economic growth continues to moderate, in 2014 gross domestic product (GDP) expanded by 7.4 percent, within the governments indicative growth target of about 7.5 percent for the year, but sharply slower than the 10 percent annual growth rate china averaged for three consecutive decades. An orderly correction in real estate - reflecting policy efforts to reduce supply mismatches and tighten nonbank credit - continues to weigh on economic activity. Ongoing adjustments in real estate, a buildup of excess capacity, and decelerating export growth are affecting industrial activity. In contrast growth in services remained robust as composition of growth continues to improve.

China Economic Update, June 2015

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