Caixin
Jun 25, 2022 02:39 AM
CHINA

IMF Warns of Risks From China’s Slowing Covid Vaccination Rates

About 375 million people over the age of 15 in China have yet to receive three doses of a vaccine, while the daily vaccination rate has fallen below 800,000, according to official data.
About 375 million people over the age of 15 in China have yet to receive three doses of a vaccine, while the daily vaccination rate has fallen below 800,000, according to official data.

(Bloomberg) — The International Monetary Fund called on China to accelerate its coronavirus vaccination program, warning that the sharply slowing pace of new dose administration could undermine a recovery in consumer spending.

At the current pace, providing three doses of Covid vaccines to the population would take a “matter of years,” Helge Berger, head of the IMF’s China mission, said in an interview. With spending growth yet to recover to pre-pandemic rates, partly because households are cautious about Covid infections, “an acceleration of the vaccination campaign would support confidence and ultimately consumption,” he said.

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