IMF says economic slowdown will persist in China through 2022

China's economy is going through a slowdown that will persist through 2022, the International Monetary Fund (IMF) said in a report published in Washington on Friday. "China's recovery is well advanced, but it lacks balance and momentum has slowed,'' the IMF said. IMF attributed the slowdown to the rapid withdrawal of policy support, the lagging recovery of consumption amid recurrent COVID-19 outbreaks and slowing real estate investment. The report referred to "significant slack" in the world's second-largest economy that was expected to persist through the year, adding that a "significant tightening of macroeconomic policy support" had contributed to the slowdown….