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BREAKING
Al Mayadeen's correspondent: 35 martyrs, 75 injured in occupation targeting of civilians seeking food aid in Rafah, Khan Younis, southern Gaza.
Da Silva: What is happening in Gaza is not a war, it is a genocide
Da Silva: Even the Jewish people do not want this war; it is revenge by a government against the possibility of establishing a Palestinian state
Brazilian President Lula da Silva: What we are seeing is not a war between two armies. [What we have is a] completely professional army that is killing women and children in the Gaza Strip.
Hamas: We affirm our readiness to immediately begin a round of indirect negotiations to reach an agreement on the points of contention
Hamas: We welcome the continued Qatari and Egyptian efforts to end the war waged by the Zionist occupation against our people
Al Mayadeen's correspondent: Israeli occupation forces blew up Noura Al-Kaabi Hospital, designated for kidney dialysis patients, in the northern Gaza Strip
Al Mayadeen's correspondent: Israeli drone targets a car on the Ayta al-Shaab-Debel road in southern Lebanon
Yemeni Armed Forces Spokesperson Yahya Saree: The remaining airlines that have not yet complied with the ban are urged to take this into serious consideration to ensure the safety of their aircraft and passengers
Yemeni Armed Forces Spokesperson Yahya Saree: The YAF, after successfully imposing a partial ban on air traffic at Lydd Airport, are now working to impose a full ban on air traffic at the aforementioned airport in the coming period

IMF praises China’s recovery from COVID-19

  • By Al Mayadeen Net
  • Source: Agencies
  • 28 Jan 2022 14:19
2 Min Read

After the pandemic chaos, the Chinese economy is recording a great recovery thanks to strong and swift policy actions taken by the authorities.

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  • IMF praises China’s recovery from COVID-19
    IMF praises China’s recovery from COVID-19.

The Chinese economy is recovering well from the COVID-19 pandemic, but it still requires appropriate support and steps to ensure inclusive and "green" growth, according to a report released on Friday by the International Monetary Fund (IMF).

"Executive Directors highlighted that China’s recovery from the COVID-19 shock is well-advanced thanks to the strong and swift policy actions taken by the authorities, including the high vaccination rate," the China report read.

However, it warned that recovery has slowed and that it remains unbalanced and vulnerable to risks.

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"Directors called for continued appropriate policies that support the economy and its rebalancing and for progress in key structural reforms to transition to 'high-quality'— balanced, inclusive, and green—growth," it added.

IMF directors also emphasized the importance of financial support for the recovery process.

"They recommended that fiscal support further strengthen social protection, which would reduce households’ precautionary savings, promote a rebalancing toward consumption and the services sector, and facilitate the transition to high-quality growth," the report read.

The IMF revised its China economic growth forecast for this year by 0.8% points to 4.8% in an updated World Economic Outlook released on Tuesday.

  • Financial crisis
  • COVID-19 pandemic
  • COVID-19
  • IMF
  • Pandemic
  • China

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