IMF Deputy Managing Director sees scope for extra coverage to handle China property sector

IMF Deputy Managing Director speaking from Beijing:

• We see scope for a more comprehensive policy package to address
  property sector issues
• Central government
  resources should be deployed to help buyers of pre-sold unfinished
  homes
• Macroeconomic
  policies should support domestic demand and mitigate outside risks
• Policy should
  prioritise providing central government support to the real estate
  sector
• Welcomes monetary
  policy measures implemented in 2024 to date

Earlier:

• The IMF has upgraded China’s economic growth target to 5%, from 4.6%

This article was written by Eamonn Sheridan at www.forexlive.com.