अधिकारियों की सीईओ से मुलाकात के दौरान चीन ने बताया कि उसे 'रास्ते में कांटे' का सामना करना पड़ रहा है

अधिकारियों की सीईओ से मुलाकात के दौरान चीन ने बताया कि उसे 'रास्ते में कांटे' का सामना करना पड़ रहा है

China Told It Faces 'Fork in the Road' as Officials Meet CEOs

China warned of a 'fork in the road' as officials engage with CEOs, signaling pivotal decisions amid economic challenges.

  • Global News
  • 107
  • 24, Mar, 2024
Jivika Chawla
Jivika Chawla
  • @JivikaChawla

China Told It Faces 'Fork in the Road' as Officials Meet CEOs

In Beijing, International Monetary Fund (IMF) Managing Director Kristalina Georgieva urged China to revamp its economic policies to address the property market crisis and stimulate domestic consumption and productivity. Speaking at the China Development Forum, she emphasized a critical juncture for China, advocating for a shift towards high-quality growth strategies. While Chinese officials expressed confidence in meeting economic targets, including a 5% growth rate, they stopped short of endorsing sweeping reforms recommended by the IMF. Georgieva highlighted the potential for a consumer-focused policy approach to inject trillions into China's economy over the next decade. This entails resolving housing issues and managing local government debt risks. The IMF's stance underscores broader calls for a new growth model to tackle structural imbalances. The remarks come amidst efforts to bolster foreign investor confidence and portray China as an attractive investment destination. Apple CEO Tim Cook, among other global executives, attended the forum, signalling continued interest in China's market. Despite challenges like declining foreign investment and geopolitical tensions, Chinese officials remain optimistic, pledging fiscal support for employment and unveiling measures to enhance market access and encourage investment in technology sectors.

Follow the Hindeez on Google News
Follow the Hindeez channel on WhatsApp
Jivika Chawla

Jivika Chawla

  • @JivikaChawla