Experts favor gradual stimulus exit

Domestic consumption boost vital for strong growth momentum

WASHINGTON/BEIJING - China must gradually phase out stimulus policies and focus on boosting domestic consumption to maintain its strong growth momentum amid rising inflation and the unfolding European debt crisis, senior economists from the United States and China said on Tuesday.

The comments come ahead of the G20 leaders meeting in Toronto, Canada on June 26 and 27. A wide range of topics are expected to be discussed at the meeting including the timing for stimulus exit of various nations and the European debt crisis.