Fiscal, monetary measures set to support real economy

GDP growth to stay at 6.2% in first half before rebounding to 6.3%, says CASS

China's GDP growth is expected to stabilize at 6.2 percent during the first six months of this year, before rebounding in the September-to-December period to reach 6.3 percent whole-year growth, data from the country's leading think tank, the Chinese Academy of Social Sciences (CASS) showed on Monday.

Tax and fee cuts, further reduction of financial institutions' cash reserves and a strong wave of infrastructure investment will support the economic recovery, and finally achieve the annual target of between 6 to 6.5 percent growth, said Zhang Ping, deputy head of the National Institution for Finance and Development under the CASS.