【2/23】IMFが中国に異例警告「デフレ」60回言及の衝撃

IMFが2月18日発表の中国経済報告書を詳細解説。デフレ60回言及の異例警告、GDP比127%の政府債務、人民元16%過小評価など構造問題を分析。海外メディアの報道姿勢の違いも比較。-----【noteに掲載中の追加レポートはこちら！】聞く経済ニュース活字版https://note.com/kiku_keizai※運営コストを賄うため、noteメンバーシップの登録をご検討よろしくお願いいたします！-----・IMF4条協議報告書で「デフレ」60回以上言及の異例警告・1.2兆ドル貿易黒字は「需要破壊」のシグナルか・LGFV債務60兆元と「部屋の中の象」問題の深刻さ・人民元12-30%過小評価論争と経常収支拡大リスク・反インボリューション政策の限界と供給側偏重の矛盾・第15次五カ年計画の消費拡大目標は達成可能か・ブルームバーグ vs アジアタイムズ 海外メディア報道姿勢の違い-----・IMF Executive Board Concludes 2025 Article IV Consultation with Chinahttps://www.imf.org/en/news/articles/2026/02/18/pr-26053-china-imf-executive-board-concludes-2025-article-iv-consultation・IMF - How China's Economy Can Pivot to Consumption-led Growthhttps://www.imf.org/en/news/articles/2026/02/18/cf-how-chinas-economy-can-pivot-to-consumption-led-growth・IMF Staff Country Report No. 2026/044https://www.imf.org/en/publications/cr/issues/2026/02/17/peoples-republic-of-china-2025-article-iv-consultation-press-release-staff-report-and-574028・Bloomberg - China's Economic Policies Are Causing Damage to Othershttps://www.bloomberg.com/news/articles/2026-02-18/imf-warns-china-s-economic-policies-are-causing-damage-to-others・Reuters via Investing.com - China makes small dent in deflation battlehttps://www.investing.com/news/economy-news/chinas-consumer-prices-rise-02-in-january-producer-deflation-softens-4498590・South China Morning Post - IMF raises China's 2026 growth forecasthttps://www.scmp.com/economy/china-economy/article/3340419/imf-raises-chinas-2026-growth-forecast-45-citing-us-truce-and-stimulus-roll-out・Taipei Times - China's policies cause waste, damagehttps://www.taipeitimes.com/News/biz/archives/2026/02/20/2003852579・Asia Times - IMF rebukes China's modelhttps://asiatimes.com/2026/02/imf-rebukes-chinas-model-with-its-own-credibility-in-tatters/・Goldman Sachs - China's Economy Expected to Grow in 2026https://www.goldmansachs.com/insights/articles/chinas-economy-expected-to-grow-in-2026-amid-surging-exports・OMFIF - It's time for China to let the renminbi appreciate sharplyhttps://www.omfif.org/2025/11/its-time-for-china-to-let-the-renminbi-appreciate-sharply/・CFR - China's Currency is Now Facing Substantial Appreciation Pressurehttps://www.cfr.org/articles/chinas-currency-now-facing-substantial-appreciation-pressure・UBS - China Outlook 2026-27https://www.ubs.com/global/en/investment-bank/insights-and-data/articles/china-outlook.html・Stephen Roach - The Doublespeak of China's Anti-Involution Campaignhttps://stephenroach.substack.com/p/the-doublespeak-of-chinas-anti-involution・China Daily - Consumption top driver in Five-Year Planhttps://www.chinadaily.com.cn/a/202512/30/WS69530ef3a310d6866eb3113e.html-----#中国経済 #IMF #デフレ #人民元 #聞く経済ニュース-----