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Macro Policy Support Needed - Guan Tao

CHINA PRESS

Policymakers should not relax after the economy's "good start" in Q1, and instead provide further macro support to strengthen the recovery, according to Guan Tao, former official at the State Administration of Foreign Exchange. Guan noted Q1 benefited from low base effects and authorities in future should prioritise a moderate recovery in prices and the real-estate market to stabilise expectations. Consumption recovered better than expected in Q1, but investment needed improvement, Guan added. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com

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