The recent spike in COVID-19 cases in China has become a matter of worry for people all around the world. On Thursday, China’s National Health Commission claimed that 31,444 cases were reported in the past 24 hours, which is the highest daily figure since COVID-19 was first detected in the Chinese city of Wuhan in late 2019. Keeping a close eye on the matter, the International Monitory Fund (IMF) has urged China to ramp up its COVID-19 vaccinations. It has urged the Xi Jinping administration to “recalibrate the strategy to deal with the virus.” This comes in light of the rising COVID cases in the country, despite the implementation of the stringent “Zero COVID” policy. IMF put across this message at a virtual meeting between IMF and several senior policy officials. The gathering conducted an annual review of China’s economic policies. In a statement, the IMF expressed its concerns over “how China’s growth has slowed since the pandemic began and remains under pressure”, addressing the deep challenges the country is facing “in the property sector and the slowing global demand.” View More