China could grow faster with pro-market reforms, IMF managing director says

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.

Premier Li Qiang said in his latest official remarks on the housing sector on Friday that China would further optimise property policy. Earlier this month, Li announced an annual growth goal of around 5% this year, a target some analysts said was ambitious. China should establish a robust AI regulatory framework, Georgieva said, noting that China leads emerging economies in terms of AI preparedness.

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