Title:Interpretation on IMF's Staff Report for the 2022 Article IV Consultation with China

Under Article IV of the IMF's Articles of Agreement (hereinafter referred to as the Agreement)，the IMF's consultation with China took place in November 2022，which assessed the country's economic and financial policies in 2022. The IMF reports that China's economy has recovered impressively from the early effects of the pandemic，but growth has slowed as a result of COVID-19 outbreaks that kept occurring，the real estate crisis，and a decline in global demand. In addition，the IMF has put forward solutions to problems in relevant areas and raised proposals on advancing high-quality development. Looking ahead，under the guiding principles of the 20th CPC National Congress，China will continue to practice true multilateralism and actively participate in global financial governance and the reform of multilateral cooperation mechanisms. In the meantime，we will focus on domestic situations while striving to establish win-win cooperation with other economies and achieve high-quality development while fostering a new development pattern.

Background: Basic Information about IMF's Article IV Consultation

History and Main Contents of the Article IV Consultation