China Economic Update, December 2017 : Growth Resilience and Reform Momentum
Gross domestic product (GDP) growth in China has remained strong in 2017, exceeding market expectations. Supported by risinghousehold incomes, the growth contribution of final consumption increased further this year. At the same time, the growth co...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/251111513688358803/China-Economic-Update-December-2017 http://hdl.handle.net/10986/29059 |
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okr-10986-290592021-05-25T09:08:56Z China Economic Update, December 2017 : Growth Resilience and Reform Momentum World Bank Group ECONOMIC GROWTH MACROECONOMIC POLICY TRADE FISCAL TRENDS FISCAL POLICY JOB CREATION ECONOMIC OUTLOOK SUBNATIONAL DEBT PENSIONS Gross domestic product (GDP) growth in China has remained strong in 2017, exceeding market expectations. Supported by risinghousehold incomes, the growth contribution of final consumption increased further this year. At the same time, the growth contribution of fixed investment has declined notably. This was partly driven by government efforts to limit local government off-budget financing of public investment but also by weaker private investment. The recovery in global trade has been an important factor supporting economic activity in China in 2017. Net exports contributed positively to growth for three consecutive quarters, compared to a negative contribution in 2015-2016. Owing to favorable global financial conditions, as well as stricter implementation of capital controls and greater domestic market confidence, capital outflows from China declined to 47 billion US dollars in the first three quarters of 2017, from 640 billion US dollars in 2016. The Renminbi appreciated by 5.0 percent against the US dollar over January-November 2017. 2017-12-20T15:58:32Z 2017-12-20T15:58:32Z 2017-12 Report http://documents.worldbank.org/curated/en/251111513688358803/China-Economic-Update-December-2017 http://hdl.handle.net/10986/29059 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific China |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH MACROECONOMIC POLICY TRADE FISCAL TRENDS FISCAL POLICY JOB CREATION ECONOMIC OUTLOOK SUBNATIONAL DEBT PENSIONS |
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ECONOMIC GROWTH MACROECONOMIC POLICY TRADE FISCAL TRENDS FISCAL POLICY JOB CREATION ECONOMIC OUTLOOK SUBNATIONAL DEBT PENSIONS World Bank Group China Economic Update, December 2017 : Growth Resilience and Reform Momentum |
| geographic_facet |
East Asia and Pacific China |
| description |
Gross domestic product (GDP) growth in
China has remained strong in 2017, exceeding market
expectations. Supported by risinghousehold incomes, the
growth contribution of final consumption increased further
this year. At the same time, the growth contribution of
fixed investment has declined notably. This was partly
driven by government efforts to limit local government
off-budget financing of public investment but also by weaker
private investment. The recovery in global trade has been an
important factor supporting economic activity in China in
2017. Net exports contributed positively to growth for three
consecutive quarters, compared to a negative contribution in
2015-2016. Owing to favorable global financial conditions,
as well as stricter implementation of capital controls and
greater domestic market confidence, capital outflows from
China declined to 47 billion US dollars in the first three
quarters of 2017, from 640 billion US dollars in 2016. The
Renminbi appreciated by 5.0 percent against the US dollar
over January-November 2017. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
China Economic Update, December 2017 : Growth Resilience and Reform Momentum |
| title_short |
China Economic Update, December 2017 : Growth Resilience and Reform Momentum |
| title_full |
China Economic Update, December 2017 : Growth Resilience and Reform Momentum |
| title_fullStr |
China Economic Update, December 2017 : Growth Resilience and Reform Momentum |
| title_full_unstemmed |
China Economic Update, December 2017 : Growth Resilience and Reform Momentum |
| title_sort |
china economic update, december 2017 : growth resilience and reform momentum |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/251111513688358803/China-Economic-Update-December-2017 http://hdl.handle.net/10986/29059 |
| _version_ |
1764468393348431872 |