Beijing Cannot and Will Not Take the IMF’s Sage Advice
Over time, the IMF has offered worthy policy advice to the authorities in Beijing, but the CCP is simply incapable of taking it.
Milton Ezrati
5/4/2026|Updated: 5/5/2026
Commentary
The International Monetary Fund (IMF) often provides economic policy advice to both developed and developing nations. Almost always, the economic analysis behind that advice is thoughtful and worth considering. Politics often muddies the matter, however. In Beijing’s case, the problem goes deeper than politics. Communist ideology stands in the way of the advantages China could gain from the IMF’s useful recommendations.
In their latest “Country Focus” report, analysts at the IMF pointed to three areas where China needs to change. One, China needs to pare back on public investment and industrial policies and allow market forces to play a greater role in directing economic resources and effort. Two, Beijing needs to reduce the economy’s extreme dependence on exports, a dependence that has only grown during the past few years and is, to use the IMF’s words, “unsustainable.” Three, Beijing needs to adopt policies to encourage consumer spending and make it, not exports, the main engine of economic expansion.
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READ MORE: https://www.theepochtimes.com/opinion/beijing-cannot-and-will-not-take-the-imfs-sage-advice-6020530?ea_src=frontpage&ea_med=section-1
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