International Monetary Fund (IMF) senior officials in China predict that China may not withdraw from the dynamic zero -epidemic prevention policy until the second half of next year, and call on more currency and fiscal stimulus measures to support the economy.
According to Bloomberg, the Chief Representative of the IMF representative of China Steven Bantete on Friday (14th) said in an interview that the International Monetary Fund believes that China may have withdrawal dynamic clearance zero in the second half of next year next year.Conditions for epidemic prevention policies.
According to IMF estimates, the dynamic clearance policy disrupted economic development. This year, China's GDP growth rate may fall to 3.2%.
Bantete said that the dynamic clearing policy in 2020 and 2021 has achieved good implementation in China, but this year due to the high spread of crown disease, large cities such as Shanghai have implemented seal control management and economic losses.heavy.
Bantete said that the People's Bank of China has lowered interest rates, and the government has also increased infrastructure investment. China still has room for more economic stimulus measures.He mentioned that China's decision -making level should focus more on consumption rather than investing, and can more effectively pull domestic demand.
He said that although China's inflation level is low and monetary policy still has room for "keeping loose", fiscal policy is the "key".
Barnett said: "What I want to emphasize is that this is not only the size of the deficit and the increase in expenditure, but more importantly, the composition of the expenditure.Consumption can pull the demand greater. "
