China Presses Ahead with Macroeconomic Adjustment Measures

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clpstaff &clp articles

An overheating economy is the subject of recent macroeconomic adjustment measures issued by the government and affects foreign-invested projects.

By Tang Zhengyu, Rachael Wellby and Wu Min, Sidley Austin Brown & Wood, Shanghai

In a recently published study of economic growth in China, the International Monetary Fund concluded that "China has continued its rapid economic growth and integration into the global economy", but warned that "despite recent indications of moderation in the fast pace of investment and economic growth, a soft landing of the economy is not yet assured".1 Ma Kai, head of the Chinese National Development and Reform Commission, echoed the IMF's sentiments. He stated that "the initial achievements are the first stage and more must be done to meet requirements to improve macroeconomic control".2

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