China Should Properly Use 'Window of Low Growth Pressure': Daily

China should properly use this year's "window of low growth pressure," when it is more confident that the economic growth will likely reach or exceed targets set earlier, the People's Daily said in a front-page report, citing government-affiliated advisors. The current macro policy focuses on increasing the resilience of the economic recovery and the quality of growth, the official newspaper said citing Xu Xianchun, a research director at Tsinghua University. Policymakers must focus on boosting domestic spending, Xu was cited saying. While growth is likely to slow in H2 from Q2's 7.9%, the pace should be seen averaged out over the last year and with a long-term view, the daily said. MNI comment: official media have been downplaying the necessity and likelihood of further stimulus this year. Another round of RRR cut seems less likely while fiscal stimulus may also be delayed until next year.