BEIJING – China will roll out more stimulus to support a slowing economy this year, but concerns over debt and capital flight will keep measures targeted at shoring up weak demand in the consumer and private sectors, sources involved in policy discussions said. The world's second-largest economy stumbled in May with data on Thursday showing factory output and retail sales growth missing forecasts, adding to signs that the post-pandemic recovery is rapidly losing steam. China's cabinet is soliciting proposals from economists and advisers, policy insiders told Reuters, with big changes needing approval from top party leaders, and investors now looking to an expected Politburo meeting in July for clues on policy direction.

https://business.inquirer.net/405512/china-eyes-support-for-consumer-private-sectors-as-growth-falters

#inquirer