In 2014, China's 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...
See More
Document also available in :
English
DETAILS
-
2014/10/01
-
Working Paper
-
91898
-
1
-
1
-
2014/12/05
-
Disclosed
-
China economic update
-
local government debt
Citation
Smits,Karlis; Goh,Chorching; Hu,Bingjie; Vashakmadze, Ikaterine; Zhao,Luan; Bahl,Roy W.; Qiao,Baoyun.
China economic update (Chinese). China economic update Washington, DC: World Bank Group. http://documents.worldbank.org/curated/en/716681468240895170