China and the Global Economy: Medium-term Issues and Options - A Synthesis Report

This report, supported by the China Economic Research and Advisory Programme (CERAP), identifies the primary challenges facing China today and presents options for meeting them. The key recommendation of this report is a comprehensive package of policies with three main elements: reform measures to promote growth of consumption in the longer term, a public expenditureprogram to stimulate domestic demand in the short and medium term, and a managedappreciation of the currency.