The International Monetary Fund called on China to accelerate its coronavirus vaccination program, warning the sharply slowing pace of new doses administered could undermine a recovery in consumer spending in the economy. At the current pace, providing three doses of Covid vaccines to the population would take a “matter of years,” Helge Berger, head of the IMF’s China mission, said in an interview.
Only about 64% of Chinese people over 60 have received three doses, according to China’s national health commission. Berger said the lockdowns in Shanghai and dozens of other cities since March are a key reason the IMF sees “downside risks” to its April forecast of 4.4% gross domestic product growth for China this year. “The second quarter will be weak given the lockdowns,” he said.
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