No need seen for 'aggressive stimulus' plan

Current policy package strong enough to counter headwinds, economist says

China has no immediate need of aggressive stimulus to support growth unless trade tensions with the United States more visibly weigh on growth momentum, and greater patience and policy preparation are needed now for market-oriented, longer-term reform and opening-up, a senior economist said in an exclusive interview.

Given the uncertainty from China-US trade friction, macroeconomic policies should always be prepared to support the economy, especially if growth momentum weakens, said Huang Yiping, deputy dean of Peking University's National School of Development and a former member of the central bank's monetary policy committee.