China needs ‘key reforms’ to support transition to high-quality growth, IMF says

Beijing has been urged to implement more supportive policies amid risks and uncertainties surrounding the pandemic, consumption and financial vulnerabilities, the International Monetary Fund (IMF) said on Friday.“China’s recovery is well advanced, but it is unbalanced and the momentum is slowing, even as downside risks are accumulating,” said Geoffrey Okamoto, the IMF’s first deputy managing director.His comments were made after the conclusion of this year’s Article IV consultation and…

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