'INCREASING THREAT': IMF official tells China to drop 'zero-COVID' strategy to save its economy
of its zero-COVID strategy in order to bring the world's second-largest economy back on track, as the Yuan plummets and threat of a recession looms, one senior official with the International Monetary Fund urged Wednesday.
A man has his throat swabbed for a COVID-19 test at a coronavirus testing site in Beijing, Wednesday, Nov. 23, 2022. The ruling Communist Party promised earlier this month to reduce disruptions from its"zero- COVID" strategy by making controls moreChina could see its GDP grow by roughly 4.
Gopinath said China needs to look at investing in vaccine programs to ensure more people are able to better fend off the virus, as well as fiscal support initiatives to help vulnerable households. will also be critical for China’s growth in 2023 if it wants to bolster consumption and private investment.
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