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China Must Ease Covid Rules to Revive Economy: IMF – SCMP

The IMF identified China’s Covid restrictions as a major deterrent for investors, the SCMP said


Anger has grown among the public to frequent sudden lockdowns that trap people in their homes, shops and workplaces, and the over-zealous reactions of officials to small case numbers.
A medical worker takes a swab sample at a nucleic acid testing station, following a coronavirus disease outbreak, in Beijing. File photo: Reuters.

 

The International Monetary Fund (IMF) urged China to ease its strict Covid policy to revive its economy, the South China Morning Post reported.

The IMF identified China’s Covid restrictions as a major deterrent for investors, said the report, and a key risk to its economy alongside a property market slump and external demand.

Read the full report: The South China Morning Post.

 

 

Read more:

 

China’s Covid Surge Sees Beijing, Shanghai Tighten Curbs

 

Guangzhou Plans 250,000 Quarantine Beds as Covid Spreads

 

China’s Key Money Rate Sinks Close to 2-Year Low

 

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.