More private capital is needed

The Chinese economy has bottomed out and, aided by a slew of stimulus policies and measures, is now recovering, according to the latest statistics.

In recent months, the situation has changed for the better, be it in the country's economic growth data or its economic confidence. But we should still be on guard against the uncertainties ahead and some of the problems underlying the economic performance amid the current economic turndown.

The key problem is: Can the fledging recovery of the national economy maintain its momentum? There is also the question of whether the country's short-term efforts for promoting growth would cause trouble in the future.