Economists see the need for more stimulus in China’s economy

Yu Weining, an NBS statistician, said the latest data showed the recovery foundation is not yet solid. — China Daily

BEIJING: Chinese industrial firms’ smaller first-quarter profits have raised concerns over their uneven recovery and heightened the need for additional stimulus measures to reignite demand and address structural issues, economists say.

They added that policymakers should take targeted measures aimed at bolstering consumer spending, incentivising investment and addressing imbalances within the property market.