China Needs Urgent Policies to Boost Growth: Herald

China should introduce countercyclical policies as soon as possible, as the simultaneous decline in economic growth and inflation starting from December 2021 may last up to a year without sufficient stimulus, said 21st Century Business Herald in a commentary. The cooling real estate sector has brought about a rapid economic slowdown, restrained industrial products prices, and dampened credit-based liquidity, the newspaper said. Net exports may weaken as major economies turn to monetary tightening, while high-end manufacturing and new energy are not enough to be the main driver, the newspaper said.