Template-Type: ReDIF-Article 1.0

Author-Name: Laura Komlóssy
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: komlossyl@mnb.hu

Author-Name: Gyöngyi Vargáné Körmendi
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: kormendigyo@mnb.hu

Title: China in Search of Equilibrium – Transition Dilemmas of Growth and Stability

Abstract: China’s economic growth and stability are key not only to the population of China:
due to its size and trade relations, it would affect all actors of the global economy to
a lesser or greater degree if unexpected events or strong deviations occurred in the
world’s second largest economy. As major imbalances and risks have accumulated
in the Chinese economy in recent years, the professional community is still divided
on the question of whether the central government will succeed in soft landing and
set the economy on a more balanced and sustainable growth path, or whether
an abrupt adjustment is already unavoidable, and it is only the time and severity
of the consequences of an economic decline that are questionable. In this essay,
we present the policies that ensure sustainable growth, the risks that complicate
implementation and the economic policy measures aiming to mitigate such risks.

Classification-JEL: E61, P21
Keywords: China, new macroeconomic equilibrium, stability risks, soft landing
Pages: 114-134
Volume: 18
Issue: 3
Year: 2019
File-URL: http://en-hitelintezetiszemle.mnb.hu/letoltes/fer-18-3-e1-komlossy-vargane-kormendi.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:18:y:2019:i:3:p:114-134