Loose monetary policy not enough to boost economy, say experts

Taking advantage of monetary easing and infrastructure investment may no longer be sustainable methods of supporting economic growth, political advisers said on Monday, as tackling the slowdown in economic growth requires new motivation from the service and consumption sectors.

Before Premier Li Keqiang delivers the annual Government Work Report, which is scheduled on Tuesday, members of the 13th National Committee of the Chinese People's Political Consultative Conference said that a lower GDP target is rational, down to 6-6.5 percent from "around 6.5 percent", given the weaker demand and the decreasing labor force in a long term.

China could maintain GDP growth at above 6 percent by 2020, but the current driving force - mainly through stimulating infrastructure investment - needs to be adjusted, the CPPCC National Committee members said.