demand at home and abroad while a prolonged downturn in the key property market has sapped confidence.risks have raised expectations policymakers will need to do more to shore up the world's second-biggest economy.steps including fiscal spending to fund big-ticket infrastructure projects, more support for consumers and private firms, and some property policy easing, policy insiders and economists said.
"At this pace of deceleration, there's now actually a risk that the growth target may not be achieved - this 5% may not be achieved if the economy continues to decelerate at this pace. So I think this does raise greater urgency for more policy support soon."Most analysts say policymakers are unlikely to deliver any aggressive stimulus due to worries about growing debt risks.risks, further undermining private-sector confidence, they said.
China's property sector, which accounts for about a quarter of the economy, remains firmly in a downtrend, with newProperty investment slumped 20.6% in June year-on-year after a 21.5% drop in May, according to Reuters calculations. and medium-term lending facility to weather economic challenges.
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