Publication:
China Economic Update, July 2020: Leaning Forward - COVID-19 and China's Reform Agenda

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2020-07-31T13:32:33Z
dc.date.available2020-07-31T13:32:33Z
dc.date.issued2020-07
dc.description.abstractEconomic conditions in China have changed dramatically over the past six months. The COVID-19 pandemic and measures taken to contain it have triggered a combined demand and supply shock. The report projects that economic growth in China will slow sharply to 1.6 percent this year–marking the slowest expansion since 1976–before rebounding to 7.9 percent in 2021. Even as economic activity rebounds, the pace of China’s poverty reduction is expected to slow, reflecting slower growth in household incomes. Without additional policy measures, 8-20 million fewer people are projected to escape poverty in 2020, compared to pre-pandemic projections. While risks to China’s economic outlook are exceptionally high, they can be partially mitigated by a forward-looking recovery strategy supported by good policies. The recovery offers an opportunity to accelerate China’s progress in rebalancing its economy toward more inclusive, sustainable, and greener growth.en
dc.identifier.doi10.1596/34264
dc.identifier.urihttps://hdl.handle.net/10986/34264
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectECONOMIC SHOCK
dc.subjectECONOMIC GROWTH
dc.subjectCONTRACTION
dc.subjectECONOMIC RECESSION
dc.subjectECONOMIC RECOVERY
dc.subjectTRADE
dc.subjectLABOR MARKET
dc.subjectCREDIT RISK
dc.subjectFISCAL TRENDS
dc.subjectDEBT BURDEN
dc.subjectECONOMIC OUTLOOK
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectDISTRIBUTIONAL IMPACT
dc.subjectUNEMPLOYMENT
dc.titleChina Economic Update, July 2020en
dc.title.subtitleLeaning Forward - COVID-19 and China's Reform Agendaen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleChina Economic Update, July 2020
okr.date.disclosure2020-07-31
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.guid262091596171353479
okr.guid860161596170690657
okr.identifier.doi10.1596/34264
okr.identifier.report151320
okr.language.supporteden
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.topicPoverty Reduction::Employment and Shared Growth
okr.topicPoverty Reduction::Inequality
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
China-Economic-Update-Leaning-Forward-COVID-19-and-China-s-Reform-Agenda.pdf
Size:
2.05 MB
Format:
Adobe Portable Document Format
Description:
English PDF
Download
Thumbnail Image
Name:
China-Economic-Update-Leaning-Forward-COVID-19-and-China-s-Reform-Agenda-CH.pdf
Size:
2.32 MB
Format:
Adobe Portable Document Format
Description:
Chinese PDF
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Economic Updates and Modeling
Chinese PDFs Available