IMF Says China Needs to Adjust Covid Policy, Support Property
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China needs to keep recalibrating its Covid Zero strategy and bolster confidence in the property market in order to spur economic growth next year, the International Monetary Fund said.
The government will need to boost the pace of vaccinations and maintain them at a high level, the IMF said in a statement Wednesday after staff met virtually with Chinese officials as part of their annual Article IV discussions. To support the property market, China will need to do more to help developers complete unfinished projects, IMF staff said.