Group 1 - The International Monetary Fund (IMF) Managing Director Kristalina Georgieva emphasized that China needs to accelerate support for domestic consumption and reduce reliance on exports for growth [1][2] - Georgieva highlighted that as the second-largest economy, China's dependence on export-like growth risks escalating global trade tensions, especially amid rising concerns from the U.S. and Europe regarding Chinese goods [2] - China's trade surplus reached a record of over $1 trillion as of November, indicating a significant reliance on exports [2] Group 2 - Consumer spending in China has remained weak since the pandemic, largely due to a slump in the real estate sector affecting household sentiment [3] - The IMF estimates that China would need to allocate about 5% of its GDP over the next three years to effectively address issues in the property sector, which could be managed through tighter fiscal and industrial policies [3] - Georgieva urged policymakers to expedite the completion of pre-sold apartments and to allow "unviable" developers, referred to as "zombie firms," to exit the market [4]