In the medium term, the size of the economy is now expected to be only slightly below its original trajectory as seen before the COVID-19 outbreak, it added.
"The strong policy response has helped the country to experience one of the lowest infection rates and among the smallest economic contractions in Europe," the IMF wrote.
China will maintain its proactive fiscal policy and make monetary policy flexible and targeted, Xinhua cited a statement issued after the annual Central Economic Work Conference that was held from Dec 16 to 18.