People's Republic of China: Spillover Report for the 2011 Article IV Consultation and Selected Issues.

Volume/Issue: Volume 2011 Issue 193
Publication date: July 2011
ISBN: 9781462342570
$18.00
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Topics covered in this book

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Business and Economics , Exports and Imports , Finance , Economics- Macroeconomics , ISCR , CR , China , appreciation , price , yield , REER appreciation , default probability , China trade direction , aggregate factor cost distortion , trading partner appreciation , Capital account , Commodity prices , Exports , Asset prices , Global , Asia and Pacific , Australia and New Zealand , Middle East , East Asia

Summary

The Chinese authorities welcomed the spillover analysis, noting that their policies have important global spillover effects. The note also discusses China’s evolving role in global trade, impact of rebalancing on the supply chain, estimating China’s spillovers, elasticities approach, factor pricing, overcapacity, and sustainability risks. It elaborates on the impact of competition from Brazil and Mexico, China’s closed capital account and capital flows to emerging markets, the impact of China’s saving on global financial conditions, and potential impact on global bond markets of reallocating reserves.