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IMF Urges China to Boost Stimulus, Adjust Covid Steps to Counter Slowdown

  • Low inflation means central bank can keep up support: IMF
  • IMF spokesman says more fiscal aid would help counter slowdown

The International Monetary Fund called on China to expand fiscal support and apply a more flexible Covid-containment strategy to address a slowdown in the world’s second-biggest economy.

The IMF welcomed Beijing’s shift to more expansionary fiscal policy earlier this year, but even more support would help to counter the “ongoing growth slowdown,” IMF spokesman Gerry Rice said at a briefing Thursday.