IMF Praises China's "Decisive" Move Away From Zero-Covid Policy

 

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The IMF (International Monetary Fund) has praised the People’s Republic of China’s decision to move away from the Zero-Covid policy.

On Friday, the IMF chief hailed China's move and said that the "decisive actions" would help revive growth in China and the world. Other global economic leaders also hailed China’s decision.

The head of the World Trade Organization (WTO) said that China’s decision would help to shore up the world economy. Ngozi Okonjo-Iweala, director-general of the WTO, hailed China for retreating from the zero-Covid policy.

Kristalina Georgieva, the managing director of the IMF, attended a press briefing with the heads of other major economic institutions in the eastern city of Huangshan. Georgieva reportedly said, “We welcome very much the decisive actions taken by the Chinese authorities to recalibrate the Covid policies.” The conference was hosted by outgoing Premier Li Keqiang.

On Wednesday, China announced the lifting of its most severe Covid-19 policies. The Chinese authorities said that people with Covid can now isolate themselves at home if they experience mild symptoms. Earlier, Chinese officials used to lock Covid positive people at the quarantine camps in the country.

Since 2020, China has followed the zero-Covid policy in order to curb the Covid cases in the country. However, people used to express concern over the zero-Covid policy.

In recent weeks, China witnessed huge protests over its Covid policy. Huge protests erupted in major Chinese cities after an apartment fire in the northwestern city of Urumqi killed 10 people. They also called for President Xi Jinping's resignation.

Earlier, many experts urged China to improve vaccination rates among the elderly. Reportedly, Georgieva said that the effort to boost vaccination rates is very good for the Chinese people and the rest of the world.

Under China’s new National Health Commission (NHC) guidelines, the Chinese authorities would stop launching temporary lockdowns.

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