Julie Kozak, Communication Director at the International Monitoring Fund (IMF), commended China’s latest initiative to resuscitate the economy.
Ms Julie Kozak, responding to a question in a monthly press briefing about the IMF’s assessment of the steps announced by the government this week to revive the economy and get growth back above 5%, stated that the IMF staff is in the process of assessing China’s initiatives, as well as the policies that the government has put forward under the two sessions.
“We certainly welcome the authority’s focus on high quality and sustainable growth, and we will continue to analyze any information supplied by the authorities on policy direction in the coming days.”Igor, a few questions,” she said.
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Chinese Premier Li Qiang unveiled an ambitious 5% economic growth target for 2024 on Tuesday, vowing actions to alter the country’s development model and mitigate dangers posed by insolvent property developers and indebted towns.
Li delivered his first work report at the annual gathering of the National People’s Congress, China’s rubber-stamp parliament, and called for increased defense spending while sharpening his rhetoric on Taiwan.
