China Should Step Up Support to the Economy, IMF Says

The International Monetary Fund called on Beijing to step up fiscal support to bolster an economy that has been slowed by weakening consumption amid the Covid-19 pandemic and a property market plunge.

The policy recommendation came as the fund cut its 2022 growth forecast for China to 4.8% from a previous projection of 5.7%. The economy expanded 8.1% last year.