Caixin
Nov 17, 2022 07:21 PM
ECONOMY

Caixin Summit: IMF Official Says Recalibrating ‘Zero Covid’ Is Critical to China’s Recovery

IMF First Deputy Managing Director Gita Gopinath addresses an audience at the Caixin Summit in Beijing on Thursday. Photo: VCG
IMF First Deputy Managing Director Gita Gopinath addresses an audience at the Caixin Summit in Beijing on Thursday. Photo: VCG

A recalibration of China’s “zero-Covid” strategy to mitigate its economic impact will be critical to sustaining a balanced recovery in the world’s second-largest economy, a senior International Monetary Fund (IMF) official told the 13th Caixin Summit on Thursday.

As for the country’s ailing property sector, “urgent action” from the central government is needed to maintain financial stability, IMF First Deputy Managing Director Gita Gopinath said in a video speech at the conference in Beijing.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China
00:00
00:00/00:00