European Parliament Library

People's Republic of China-Hong Kong Special Administrative Region :, 2011 Article IV Consultation Discussions

The Executive Board of the IMF has concluded the consultation discussions with the Hong Kong Special Administrative Region (SAR). Hong Kong SAR has rebounded from the global financial crisis, and growth should be at 5¾ percent this year. Unemployment has fallen to low levels, and real incomes have grown, supporting consumption. It is noted that growth has rebounded thanks to the authorities’ policy response, highly flexible labor and product markets, and favorable spillovers from Mainland China. The progress on increasing trade settlement and issuing financial instruments denominated in renminbi has accelerated
Table Of Contents
Cover; Contents; Figures; 1. A Dynamic Economy Now Contending with Rising Inflation; THE NEAR-TERM OUTLOOK; SPILLOVERS AND RISKS; THE EXCHANGE RATE REGIME; Boxes; 1. Exchange Rate Assessment; A CREDIT BOOM?; 2. A Credit Boom?; A PROPERTY BUBBLE?; 3. A Property Bubble?; 2. Assessing the Effectiveness of Macroprudential Policies; 3. Longer-Run Determinants of House Prices; THE OFFSHORE RENMINBI BUSINESS; 4. An Upward Trajectory for Offshore Renminbi Markets; 4. Key Developments in Renminbi Internationalization; STAFF APPRAISAL; Tables; 1. Selected Economic and Financial Indicators, 2006-12
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (47 p.)
Specific Material Designation
Form Of Item

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