摘要
China＇s economic growth slipped to 7,4 percent in the first quarter, sig- naling more downward pressure for the world＇s second largest economy. However, authorities have ruled out the possibility of major stimulus to fight short- term dips in growth and plan to seek growth momentum in deep-seated reforms and prom-ising domestic consumption.
China doubles down on reform and consumption as future drivers in the wake ofdeclining growth China’s economic growth slipped to7.4 percent in the first quarter,sig-naling more downward pressure forthe world’s second largest economy.However,authorities have ruled outthe possibility of major stimulus to fight short-term dips in growth and plan to seek growthmomentum in deep-seated reforms and promising domestic consumption.
