Measures to stabilize growth on the agenda

Further adjustments to China's macroeconomic policies can be expected, including consumption stimulus and more flexible monetary policy, which aim to stimulate domestic demand in the second half of this year and counteract the negative impact from trade tensions, according to some policy researchers from the National Development and Reform Commission.

Compared with the macroeconomic policies conducted in the first half of 2019, the upcoming measures will be more flexible and comprehensive, and a series of proposals have been made to the country's top policymakers, focusing on strengthening domestic investment and consumption, to stabilize economic growth and market sentiment, an NDRC senior research fellow, who declined to be named, told China Daily on Thursday.

High-level policymakers usually gather in July every year to discuss the current economic situation and set the policy tone for the second half, based on the first-half economic performance.