No large stimulus needed

Despite uncertainties in the global economy, China can stabilize its growth through reform and policy fine-tuning

The global economy is still full of uncertainties. European countries are mired in their debt crisis, and the momentum of the US' recovery has slowed. But despite this, China doesn't need a new stimulus package, such as the 4 trillion yuan ($628 billion) used to boost the economy in 2008. What it needs is multi-faceted policy fine-tuning.

Recovering exports, investment in large projects and the warming real estate market are key factors that will boost economic growth over the next six months.