PBOC-backed Chinese media says China should focus policy on boosting consumer demand

Via People’s Bank of China financial news outlet in China, an anlsyst pice:

  • China should shift policy initiatives towards boosting consumer demand
  • policy should move away from expanding credit

The recent data in China pretty much highlights that more needs to be done to bolster domestic demand. while factory output is performing solidly retail sales are disappointing:

This article was written by Eamonn Sheridan at www.forexlive.com. Source