Structural reforms key to long-term growth

Economists urge steps to avoid low-productivity trap

Monetary easing and fiscal expansion will temporarily help ease the pressure of economic downturn. However, the ultimate solution for China to achieve long-term stable and high-quality economic growth is structural reforms, leading economists said.

The call from economists for continuous structural reforms in China, which has mainly relied on infrastructure investment and property booms to drive growth, came after the latest round of interest-rate cuts by the country's central bank to shore up the economy.