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China Must Further Spur Internal Demand: Times

CHINA PRESS
MNI (Singapore)

China needs to continue expanding internal demand and boost consumption systematically to drive economic growth, and policymakers should maintain reasonably ample liquidity while keeping leverage stable, the Securities Times said in a front-page commentary. Domestic demand remains weak and export orders may weaken, it said. Smaller businesses' operations are another weak link, as rising commodity prices are affecting downstream and slowing profits, it said. The newspaper commented after the government reported industrial profits rose 7.11% in the first five month, companies' debt ratios continued to decline, while inventories fell, according to the official securities daily.

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