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+--- Thread: IMF : China faces 'fork on the road' needs reforms to progress (/Thread-IMF-China-faces-fork-on-the-road-needs-reforms-to-progress)
IMF : China faces 'fork on the road' needs reforms to progress - sgbuffett - 25-03-2024
China has two choices right now: return to its old economic policies, or choose reforms to spur growth, according to the International Monetary Fund’s Managing Director Kristalina Georgieva. “China is poised to face a fork in the road — rely on the policies that have worked in the past, or update its policies for a new era of high-quality growth,” Georgieva said Sunday at the China Development Forum in Beijing.
“With a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo scenario,” she said, according to prepared remarks by the IMF.