The International Monetary Fund logo is seen outside the headquarters building in Washington, US, Sep 4, 2018. BEIJING: With a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo scenario, International Monetary Fund Managing Director Kristalina Georgieva said on Sunday .
Decisive steps to reduce the stock of unfinished housing and giving more space for market-based corrections in the property sector could accelerate a solution to current property sector problems and boost consumer and investor confidence, she said. China also needs to rely more on domestic consumption, Georgieva said. It can do so by raising incomes, boosting families' spending power and expanding the social security system, including the pension system, in a"fiscally responsible way".
China's industry ministry in January issued draft guidelines for standardising the AI industry, with the aim to have national and industry-wide standards in place by 2026.