China urged to adopt ‘pro-market reforms’

BEIJING: The head of the International Monetary Fund on Sunday called on China to implement “a comprehensive package of pro-market reforms” to boost a sluggish economy beset by a housing market crisis, low domestic demand, and persistently high youth unemployment. Chinese policymakers have so far resisted calls to juice the economy through massive government stimulus, […]

China urged to adopt ‘pro-market reforms’

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BEIJING: The head of the International Monetary Fund on Sunday called on China to implement “a comprehensive package of pro-market reforms” to boost a sluggish economy beset by a housing market crisis, low domestic demand, and persistently high youth unemployment.

Chinese policymakers have so far resisted calls to juice the economy through massive government stimulus, instead stressing the need to pivot toward “high-quality” growth.

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