China needs to 'reinvent itself' with economic policies to speed resolution of its property crisis and boost domestic consumption and productivity, IMF said.
Kristalina Georgieva, Director of the International Monetary Fund , speaks during the China Development Forum 2024 at the Diaoyutai State Guesthouse on March 24, 2024 in Beijing, China.China needs to "reinvent itself" with economic policies to speed resolution of its property market crisis and boost domestic consumption and productivity, the International Monetary Fund's Managing Director Kristalina Georgieva said on Sunday.
To do that China would need to take "decisive" steps to complete unfinished housing stranded by bankrupt developers and to reduce risks from local government debt, the IMF chief said. "I think China is really opening up," Cook told a CGTN interviewer on the sidelines of the meeting. He later said Apple's China-based suppliers had helped deliver gains in more sustainable manufacturing, including lowering water use and recycling metals like aluminum and cobalt.
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