1 option
China Economic Update, December 2021 : Rebalancing Act - From Recovery to High-Quality Growth.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications")- Format:
- Book
- Government document
- Series:
- Economic Updates and Modeling.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Business Cycles and Stabilization Policies.
- Credit.
- Debt.
- Economic Growth.
- Employment and Unemployment.
- Fiscal and Monetary Policy.
- Labor Market.
- Macroeconomics and Economic Growth.
- Social Protections and Labor.
- Local Subjects:
- Business Cycles and Stabilization Policies.
- Credit.
- Debt.
- Economic Growth.
- Employment and Unemployment.
- Fiscal and Monetary Policy.
- Labor Market.
- Macroeconomics and Economic Growth.
- Social Protections and Labor.
- Other Title:
- China Economic Update, December 2021
- Place of Publication:
- Washington, D.C. : The World Bank, 2021.
- System Details:
- data file
- Summary:
- Following a strong rebound in the first half of 2021, economic activity cooled rapidly in the latter half of the year. The slowdown was partly policy induced, reflecting significant fiscal tightening and regulatory curbs on the financial and real estate sectors, while recurring COVID-19 outbreaks complicated the normalization of contact service activities. This led to a sharp slowdown in investment and sluggish recovery of private consumption, which was only partially offset by stronger-than-expected exports on the back of robust external demand. In addition, power shortages and production cuts aimed at reducing CO2 emissions, which surged in the first half of 2021, also weighed on economic activity.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.