The International Monetary Fund (IMF) said that the Chinese real estate market is in a crisis that has not been resolved, and it is called on the Chinese government to take more measures to support the real estate industry, but this remark attracts Beijing's refutation.
According to BloomberThe progress of the reorganization of real estate developers is still quite slow, and the market boom in the real estate market is still falling.
The report believes that the Chinese government should increase its funding support for unfinished residential projects in order to promote the marketization reorganization of real estate developers in trouble to curb the decline in the industry.
IMF also urged the Chinese government to carry out financial framework reforms in order to solve the "unsustainable" approach of local governments' fiscal relying on the real estate industry as the source of income and off -table loan mortgage.IMF believes that in the long run, Chinese officials should launch a real estate tax mechanism to help the industry transform to a more sustainable model.
For the evaluation and suggestions of the IMF, Zhang Zhengxin, a Chinese representative of the IMF Executive Board, and Bai Xuefei Bai Xuefei, a policy consultant of the agency, refuted in a joint statement.The statement states that the overall operation of the Chinese real estate market is not in the "crisis" in the report, and emphasized that "the difficulty of exaggerating the existence in the market is not suitable."
The statement also questioned the prediction of economic growth in the report in the report in the report, saying that the prediction was "too pessimistic."IMF predicts that China's economic growth will reach 5.2%this year.Sonali Jain-Chinese, head of the IMF Chinese delegation, said at a press conference on Friday that the Chinese economy will still be "below the potential level" in 2023.
After China announced in December last year, after a strict dynamic zero -epidemic prevention policy withdrew, the Chinese service industry rebounded quickly after the number of infected people reached the peak, far greater than the rebound of manufacturing.The strong rebound of the service industry and recovery of supply and demand are also one of the reasons for IMF to improve the global growth forecast this week.
THOMAS Helbling, deputy director of the IMF Asia -Pacific Ministry, believes that the growth of China's service imports will be stronger than the import of goods, and the recovery of outbound tourism will have a strong overflowing overfasteffect.He also believes that, given that energy prices have continued to fall and will remain below expected, the impact of China's economic rebound on global inflation is "limited".
IMF also suggested in the report that Chinese officials should accelerate structural reforms, such as strengthening the social welfare system, increasing retirement age, and promoting the equal market competitive position of state -owned enterprises and private enterprises to promote long -term growth.The report also states that Chinese officials can boost consumption through temporary reduction of social security payment for workers and family funds that are directly affected by the epidemic.
