IMF seems to be behind the curve on China’s COVID and property polices | Forexlive
Early early this week there was news crossing on significant changes to COVID and Property policies in China.
Chief Economist Gopinath is having remarks reported across the newswires:
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Calibrating China’s zero-covid strategy to limit its economic impact
would be vital to sustaining and balancing the economy
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Urgent action at the central government level is required in China’s
property sector to ensure financial stability.
Well, yeah … see above! Maybe they are old comments?
More:
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Inflation and weakening growth in China allow for greater support for
vulnerable households, which, along with strengthened social safety
nets, would promote consumption.