IMF: China will secure economic recovery with right policies


  • China
  • Wednesday, 25 Nov 2020

IMF managing director Kristalina Georgieva. - AFP

WASHINGTON (Xinhua): International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Tuesday (Nov 24) that China will secure economic recovery and ensure balanced and high-quality growth with the right mix of supportive macroeconomic policies.

"China's fast recovery continues thanks to resolute measures in combating the virus, mitigating its impact, and supporting growth," Georgieva said in a statement at the conclusion of the fifth "1+6" Roundtable convened by the Chinese authorities.

"With the right mix of supportive macroeconomic policies focused on strengthening social safety nets and further key reforms, China will secure the recovery and ensure balanced and high-quality growth, which will benefit China and the world," said the IMF chief.

Chinese Premier Li Keqiang held the fifth "1+6" Roundtable with leaders of six major international economic institutions in Beijing via video conference.

Noting that the roundtable took place against the backdrop of "an uneven global recovery" almost one year into the Covid-19 pandemic, Georgieva said while China's recovery continues, there are other economies that "may be losing momentum" as they contend with further waves of the pandemic.

"To end the crisis as quickly as possible, there is no alternative to working together, first and foremost by ensuring effective vaccines and treatments are available for everyone," the IMF chief said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

China , IMF , economy

   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Next In Aseanplus News

Asean News Headlines as at 7pm on Tuesday (March 2)
Myanmar's Asean neighbours press for Suu Kyi's release, restoration of democracy after special meeting
Health ministry confirms Indonesia detects 2 cases of new Covid-19 variant as country's total surge past 1.345 million
Philippines says vaccination drive "very successful" as country logs 2,067 new Covid-19 cases as total tops 580,000
Singapore: Hotels, travel agents and tour guides licence fee waivers extended to end-2021; 8 new imported cases on Tuesday (March 2)
WHO: Global Covid-19 infections up for first time in 7 weeks
Philippines fires diplomat whose maid attacks were caught on film
Singapore PM calls for Suu Kyi release, says sanctions won't hurt military - it's an 'enormous, tragic step back'
Thailand: 10 groups of people prohibited from taking Sinovac vaccine; only 42 Covid-10 cases on Tuesday (March 2)
‘Stop meddling’: Beijing accuses Taiwan of hypocrisy over Hong Kong arrests

Stories You'll Enjoy


Vouchers