China may soon reinforce its commitment to stabilizing growth with bolder, innovative measures aimed at promoting a consumption-driven recovery, as weak domestic demand continues to weigh on corporate profits, said leading economists and analysts.
They said such efforts would not only bolster confidence in achieving the country's full-year growth target, but also enhance the appeal of Chinese equities, which have increasingly emerged as a safe haven for global investors amid heightened international market volatility.
In an exclusive interview with China Daily, Liu Qiao, dean of Peking University's Guanghua School of Management and a professor of finance, said that "bold attempts" in fiscal policy could hold the key to addressing weak consumer confidence and promoting a recovery in domestic demand.
