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China Needs Active Policy Support - Experts

CHINA PRESS
MNI (BEIJING)

China needs to maintain proactive fiscal policy and prudent monetary policy to ensure the economic recovery consolidation, according to experts and analysts interviewed by Yicai. The news outlet said Q1 has shown areas of recovery, with services recovering faster than industry, but remains uncertain if the rebound in momentum can be maintained. One expert noted corporate confidence remains insufficient and the overall economy has not returned to potential growth rate yet. Land acquisitions in the property sector remain low, pointing to ongoing weakness in the housing industry rebound.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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