China quarterly update, May 2006
Tchinda Josue, Tetang
This paper commences with an overview that provides the following observations: economic growth and credit expansion in the first quarter of 2006 have surprised on the upside; prolonged strong foreign exchange inflows continue to complicate monetary policy; sustained rapid growth is expected to continue; more policy action is needed to keep credit and investment growth in check, mitigate external imbalances, and to entrench the rebalancing of growth patterns; in the medium term, rebalancing growth requires structural measures. The paper goes on to list: recent economic developments, economic prospects and policies, and corporate sector policies and developments.
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