"A premature policy exit and excessive tightening could derail the recovery," the World Bank stated. "In addition, near-term global prospects have recently dimmed amid re-escalating Covid-19 outbreaks and renewed lockdowns in several major economies."
The People's Bank of China's (PBoC) Monetary Policy Committee recently predicted the country's gross domestic product (GDP) could grow by 8.5 percent in 2021 as a result of the mass vaccination against coronavirus.
WB: China shouldn't withdraw virus stimulus too quickly
WB: China shouldn't withdraw virus stimulus too quickly
NEWS IN ENGLISH
The World Bank Group warned China against withdrawing its packages aimed at curbing the negative economic effects of the coronavirus pandemic, given the "precarious" global situation projected for 2021.
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