China has fiscal space to support economy

WASHINGTON: China does have the fiscal space to support its economic recovery, an International Monetary Fund (IMF) official has said, urging the country to strengthen its macro fiscal framework to deal with the challenges exacerbated by the Covid-19 pandemic.

China has quite a “sizeable” fiscal support this year, and it’s one of the few countries where further fiscal support is expected in 2021, Vitor Gaspar, director of the IMF’s fiscal affairs department, told Xinhua in a remote video interview.