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China State Planner: China faces more challenges in achieving stable economic development

China State Planner Chief is out on the wires stating the world’s second-largest economy is facing more difficulties in achieving stable and healthy economic development.  

Key quotes (Source: Reuters)

  • Need more efforts to achieve growth targets in consumption, outstanding social financing, disposable income.  
  • Will keep liquidity reasonably ample.  
  • China will expand effective domestic demand.  
  • Will prioritize stabilizing  employment.  
  • Will control intensity and pace of deleveraging.
  • Will resolutely curb rises in property prices.  

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