China Must Boost Domestic Demand to Sustain Growth: IMF's Gita Gopinath

In an interview with NDTV at Davos, Gita Gopinath, Deputy Managing Director of the IMF, discussed the challenges and outlook for China’s economy. She highlighted weak domestic demand as a key concern and emphasized the need for more measures to boost consumer confidence and spending. Gopinath also pointed out unresolved issues in China’s property market, particularly unfinished homes, which impact consumer sentiment. While the government has implemented fiscal and monetary policies, she stressed the importance of further efforts to enhance private sector contributions and shift focus from external demand to domestic consumption.