IMF renews its message to China: Boost consumption ...Qatar

China is seeing a strong recovery from the Covid-19 crisis but now should use its financial heft and shift its focus to boosting its own consumers, a top IMF official said yesterday. That comment renews the International Monetary Fund’s longstanding pre-pandemic message to Beijing to change its model away from one dominated by exports and massive government projects. Before Covid-19 shutdowns upended international commerce and threw the world into the worst peacetime crisis in a century, the Washington-based lender had long warned that China’s massive export program and huge trade surpluses were causing imbalances in the global economy. “Importantly, going forward, China can use fiscal poli

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