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    Hot Topics for the Future of PRC and Hong Kong, China

    Kanamori, Toshiki | June 2005
    Abstract
    At the end of 2004, the macroeconomic balance in the People’s Republic of China (PRC) raises some interesting options. The external sector enjoys a huge surplus, with significant increases in the current and capital accounts (almost $46 billion and $53 bill. respectively, last year). Accordingly, foreign exchange reserves in 2003 amounted to a staggering $400 billion. Turning to the domestic balance, the increase of fixed investment has been significant, although consumption is sluggish. (The ratio of fixed investments to GDP increased from 35% in the 1980s, and 39% for the 90s to 47% last year; while the consumption ratio, once more than 50% in the 80s, it is now at just 43%.) This indicates overinvestment in the external sector is offset by over saving domestically. However, since investment is overheating in some places and the government is running a budget deficit, only savings by individuals can absorb all of the overinvestment from external and domestic sectors.
    Citation
    Kanamori, Toshiki. 2005. Hot Topics for the Future of PRC and Hong Kong, China. © Asian Development Bank. http://hdl.handle.net/11540/4056. License: CC BY 3.0 IGO.
    ISSN
    1882-6717
    Keywords
    Development Economics
    Regional Economic Development
    Economic Impact
    Asian Development Bank
    Development
    Economic Boom
    Regional Economic Integration
    Good Governance
    Governance Approach
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Trade policy
    Economic development
    Economies in transition
    International economy
    Border integration
    Economic integration
    Gross domestic product
    Trade policy
    Institutional Framework
    Public Administration
    Business Ethics
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West trade
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/4056
    Metadata
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    Thumbnail
    2005.01.14.rpb13.future.prc.hongkong.pdf (236.8Kb)
    Author
    Kanamori, Toshiki
    Theme
    Economics
    Governance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise