China Should Balance Structural Reform with Stabilizing Growth: Herald

China should make good use of the current window to improve its economic structure while accepting a lower growth, the 21st Century Business Herald said in an editorial. The main challenge is to boost consumption, which needs better social distribution, the newspaper said, noting the finance, real estate sectors and some Internet platforms have benefited the most in the market and suppressed the real economy as well as pushed up residents' leverage and affect spending. The traditional countercyclical adjustment of boosting infrastructure and real estate investment is inefficient as such investment could not create long-term value compared with its huge input cost, but pressured the country's close-to-limit debt tolerance, the newspaper said.