Researchers at a top government think tank, the China Centre for International Economic Exchanges, have urged Beijing not to relax its focus on stabilizing the economy, reported the South China Morning Post. They warned recent better-than-expected data might reflect only a short-term rebound, rather than a long-term reversal of slowing growth. Meanwhile, a survey by the Ministry of Commerce found nearly 60% of 3,000 trade enterprises saw the outlook for exports as more severe this year and “dared not be optimistic”. China’s GDP rose 6.7% in the first quarter from the previous year, a level within the government target for this year.
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