Publication:
China Economic Update - June 2022: Between Shocks and Stimulus - Real Estate Vulnerabilities and Financial Stability in China

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dc.contributor.authorWorld Bank
dc.date.accessioned2022-06-12T21:42:29Z
dc.date.available2022-06-12T21:42:29Z
dc.date.issued2022-06
dc.description.abstractAfter a strong start in early 2022, the largest COVID-19 wave in two years and resulting mobility restrictions have disrupted China’s growth normalization. The global environment has also significantly worsened following Russia’s invasion of Ukraine. Real gross domestic product (GDP) growth is projected to slow sharply to 4.3 percent in 2022. In the face of domestic and external headwinds, China's policymakers should carefully calibrate its policies. In the short term, China should balance COVID-19 mitigation with supporting economic growth. Over the medium term, greater efforts are needed to shift away from the old playbook of stimulus-led investment to boost economic growth. Decisive action to encourage a shift toward consumption, tackle social inequality, and rekindle innovation and productivity growth would help achieve a more balanced, inclusive, and sustainable growth trajectory for China.en
dc.identifierhttp://documents.worldbank.org/curated/en/099640106102210762/P17579708f26d5018098840f1ad978bb54b
dc.identifier.doi10.1596/37530
dc.identifier.urihttps://hdl.handle.net/10986/37530
dc.languageEnglish
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCOVID DISRUPTION
dc.subjectSHANGHAI LOCKDOWN
dc.subjectTRADE
dc.subjectVOLATILE CAPITAL FLOWS
dc.subjectCOVID RESTRICTIONS
dc.subjectOMICRON DISRUPTION
dc.subjectCARBON EMISSIONS
dc.subjectHOUSING MARKET
dc.subjectREAL ESTATE VULNERABILIITY
dc.subjectRESIDENTIAL HOUSING DEMAND
dc.subjectHOME OWNERSHIP
dc.subjectSUSTAINALBLE GROWTH
dc.titleChina Economic Update - June 2022en
dc.title.subtitleBetween Shocks and Stimulus - Real Estate Vulnerabilities and Financial Stability in Chinaen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleChina Economic Update - June 2022
okr.date.disclosure2022-06-10
okr.date.doiregistration2025-05-07T09:12:50.913490Z
okr.date.lastmodified2022-06-10T00:00:00Zen
okr.doctypeEconomic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099640106102210762/P17579708f26d5018098840f1ad978bb54b
okr.guid099640106102210762
okr.guid099640006102241784
okr.identifier.externaldocumentum33839920
okr.identifier.internaldocumentum33839920
okr.identifier.report172382
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099640106102210762/pdf/P17579708f26d5018098840f1ad978bb54b.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.topicCommunities and Human Settlements::Real Estate Development
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicInternational Economics and Trade::Trade Facilitation
okr.topicPrivate Sector Development::Land and Real Estate Development
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
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