Measures to keep growth stable

The old mode of passively stimulating the economy when it is weak no longer applies. What we need is a stable policy that can guide long-term expectations and release economic potential against the pressure of the downturn. Lowering taxes, interest rates or banks' reserve requirement ratio is possible. Xu Nuojin, deputy-director of the Statistics and Analysis Department, People's Bank of China, people.com.cn, July 16

Eleven provinces or metropolises have announced measures to stabilize economic growth by early July and they feature additional investments. Too many investment programs might bring financial risks as well as raise the market interest rate by occupying the funds needed in other fields. The government needs to prevent the current micro-stimulus from growing into a big version.

Economic Information, July 16