No urgency for China to launch new fiscal stimulus

IT is still too early to say the Chinese economy has touched bottom, but the government is also in no urgent need to launch any new fiscal stimulus policies, a leading government economist tells Reuters.

Zhang Xiaojing, director at the Institute of Economics, which is part of the Chinese Academy of Social Sciences (CASS), says that even with a recent rise in some economic indicators, more time is needed to see whether government stimulus to date would yield a strong enough response in terms of economic activity.