The IMF recommended to the Chinese authorities measures to support the population and accelerate revaccination

According to the official representative of the Jerry Rice Foundation, in light of sanitary restrictions in the country, it is important that the Chinese authorities "continue to adjust" the strategy to combat coronavirus.

Experts of the International Monetary Fund (IMF) believe that the Chinese authorities, in light of the slowdown in economic growth, should take additional measures to provide budget support and assistance to vulnerable groups of citizens, as well as accelerate the revaccination of the population from coronavirus. This was stated on Thursday at a regular briefing for journalists by the official representative of the IMF, Jerry Rice.
"It is obvious that in the short term, given the significant impact of recent sanitary restrictions on economic activity in China, the key issue is that macroeconomic policy should intensify and cope with the problem of slowing growth rates that we are seeing in China," he said, answering the question about what recommendations the IMF could I would like to give China in the current situation.
"And in this context, we welcome the transition to a more expansionary fiscal policy this year. But additional support would help counteract the current slowdown in growth," the representative of the fund added. "In our opinion, this budget support would be especially effective if it is directed to vulnerable households."
According to Rice, the IMF believes that "the People's Bank of China should continue to provide monetary support." As he noted, in light of sanitary restrictions in the country, it is important that the Chinese authorities "continue to adjust" the strategy to combat the new coronavirus. "In order to mitigate the negative impact on economic activity associated with the coronavirus, it will be necessary to increase the scale of revaccination with coverage of insufficiently vaccinated elderly," the IMF representative said.