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Economics

IMF’s Gopinath Urges China Take Action on Covid Zero, Property

Gita Gopinath 
Gita Gopinath Photographer: David Paul Morris/Bloomberg

China’s government needs to reduce risks in the property sector and adjust its Covid policy to alleviate disruptions to the economy, according to a senior International Monetary Fund official.

“Urgent action at the central government level is needed to safeguard financial stability” in the real-estate sector, Gita Gopinath, the first deputy managing director at the IMF, said in a video speech at the Caixin Summit in Beijing on Thursday.