Beijing should increase policy supports to expand domestic demand – China Press

Dhwani Mehta FXStreet

“China should increase policy supports to expand domestic demand and help SMEs recover to consolidate the growth momentum,” the Shanghai Securities News reported, citing analysts after the July PMI slowed partly due to abnormal rains and flooding.

Additional takeaways

“China should let government investment drive the expansion of domestic demand as well as boost consumption in H2.”

“In the short term, service consumption may still be impacted by the outbreaks of Covid-19 cases though the overall impact on the economy will be limited.”

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