Abstract

At present, the authorities of the People's Republic of China are faced with a dilemma: either adjust monetary policy pursued by international organizations (IMF and World bank) or continue to support the development of the real sector of the economy using direct financial maintenance. It is shown that in the first case, the PRC will better fit into the global fi-nancial system paying for this with a decrease in GDP growth rates. Under the second op-tion, based on active state support of the real sector with budgetary and banking resources, China's economic growth rates are expected to be higher, but the country will not fully meet the standards of the Western financial system. This will limit the ability to realize the benefits of participating in international financial transactions and will deter the transformation of the yuan into a world currency.

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