China’s economic recovery slowed, IMF says

China’s recovery is well advanced but it lacks balance and momentum has slowed, the International Monetary Fund (IMF) said in a report on Friday, APA reports citing Anadolu Agency.

“The slowdown is attributed to the rapid withdrawal of policy support, the lagging recovery of consumption amid recurrent COVID-19 outbreaks despite a successful vaccination campaign, and slowing real estate investment following policy efforts to reduce leverage in the property sector,” the IMF said after 2021 Article IV consultation with China.


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