China will adopt a series of measures to boost growth and slash corporate burdens, Premier Li Keqiang said during a meeting with provincial and municipal officials.
Premier Li Keqiang said at a symposium with provincial leaders on April 11 that China should continue to promote structural reform to maintain the stable growth of its economy.
China’s property market continued to show signs of recovery in March, with most of the surveyed major cities reporting month-on-month rises in new home prices.
China’s new yuan-denominated lending in March amounted to 1.37 trillion yuan ($210 billion), 188.3 billion yuan more than a year earlier, official data showed on April 15.
An acceleration in China’s credit growth in the first quarter of the year was cyclical and temporary, a senior economist said.
China bears should now take a break. New indicators have proved once again that pessimism over the Chinese economy is overplayed and misplaced.
With statisticians reporting good news about many aspects of the Chinese economy, one can be almost certain it will encounter fewer storms than last year.
The increase in producer prices in March adds to evidence of a stabilization in the world’s second-biggest economy.
The World bank said the regional outlook in Asia reflected China’s gradual shift to slower, more sustainable growth.