IMF To China: Drop Outdated Zero-COVID Policy

IMF To China: Drop Outdated Zero-COVID Policy

The International Monetary Fund urged the government of China to move toward a “recalibration” its zero-COVID policies under which officials have shuttered entire cities for the past two years.

After representatives from the international financial institution met virtually with Chinese policymakers over the span of two weeks, IMF First Deputy Managing Director Gita Gopinath said that the current approach to slowing the spread of the virus has harmed the nation’s economy.

“Under the zero-COVID strategy, China weathered the initial impact of the pandemic well, allowing the economy to recover swiftly from the early-2020 lockdowns and to expand the global supply of medical goods and durable goods significantly at a critical time for the global economy,” she said in a statement. “However, China’s growth has since slowed and

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