BEIJING, Jul 5 (XINHUA\/APP):China’s economy is expected to gradually overcome the negative impacts of the epidemic in the second half of this year, with economic indicators showing improvement amid a raft of supportive policies, according to a report by the Bank of China.<\/p>\n
Noting that risks including rising global inflation, geopolitical tensions and volatile international financial markets might continue to weigh on the economic outlook, the report said domestic demand will play a key role in stabilizing the country’s growth during the second half of the year.<\/p>\n
It added that China’s economic fundamentals and potential for long-term growth remain unchanged. Despite the challenges, the country’s employment has remained stable and the price rise has been kept within a moderate range, leaving more room for authorities to maneuver macro policies, according to the report.<\/p>\n
Going ahead, the report has suggested leveraging fiscal and monetary policies further to help enterprises tide over difficulties, and expand effective investment and stabilize growth.<\/p>\n
More efforts should be made to spur consumption, promote the steady development of the real estate sector, and foster long-term competitiveness through technological upgrading and innovation, the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"
BEIJING, Jul 5 (XINHUA\/APP):China’s economy is expected to gradually overcome the negative impacts of the epidemic in the second half of this year, with economic indicators showing improvement amid a raft of supportive policies, according to a report by the Bank of China. Noting that […]<\/p>\n
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