A view of a real estate construction site in Huai'an, Jiangsu province, in December. [Photo/China Daily]
THERE is a pressing need for the central government to provide funding support for the resolution of real estate developer debt risk as it remains the biggest soft spot in China's economy, experts at a top think tank said on Monday.
Zhang Bin, a senior researcher at the China Finance 40 Forum think tank, said the Chinese economy has seen positive changes in the first quarter as industrial production accelerated, exports expanded and consumer sentiment improved.
