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This 2023 Article IV Consultation discusses that the economic recovery in Hong Kong Special Administrative Region (SAR) stalled in 2022 following a major coronavirus disease 2019 outbreak and U.S. monetary policy tightening. However, in 2023, real gross domestic product is projected to grow by 3.5 percent. The financial system remains resilient and continues to serve as an international financial center, supported by strong institutional frameworks and substantial capital and liquidity buffers. The Linked Exchange Rate System continues to function smoothly, providing a solid anchor to the economy and the financial system, allowing the latter to perform its role as an international financial center. Housing prices, which declined by about 16 percent by end-2022 from the peak in September 2021, have started to recover in early 2023. Near-term risks to the growth outlook are balanced, with systemic risk in the financial sector manageable given significant buffers. A sharper-than-expected global growth slowdown as well as escalation of regional conflicts and resulting disruptions in trade could derail the recovery. A sharp rise in global risk premia amid renewed stress in the global banking system and further tightening of monetary policy in major advanced economies could have adverse spillovers through financial channels.
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China --- demography --- statistics --- the People's Republic of China
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Japan --- China --- China (People's Republic of China, 1949- ) --- History.
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Artemisinin. --- Antimalarials --- Peroxides --- Sesquiterpenes --- China. --- Mainland China --- Inner Mongolia --- Manchuria --- People's Republic of China --- Sinkiang
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The range of themes covered here provide an introduction to the study of contemporary China, from the historical and cultural roots of the Middle Kingdom to the strategies of the five generations of leaders of the People’s Republic of China, with a detailed characterization of its political organization and economic development model. China’s re-emergence in International Relations and recent positioning regarding globalization frames its current geopolitical approach in the relationship with several states and regions. This book aims at guiding the readers’ understanding of China towards the framework of the contemporary international system, presenting its political, economic and social challenges.
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