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

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.