Economists share views at Tsinghua PBCSF Chief Economists Forum

China should eye on consumption to boost domestic demand with more fiscal policy support injected into the sector, said Li Xunlei, chief economist at Zhongtai Securities.

To fully stimulate domestic circulation, infrastructure investment is not enough, Li said. Fiscal policy support should also be applied to enhance consumption, and government should take multiple measures to improve the income structure of residents.

Li suggested the government can issue shopping coupons, which is more targeted than the direct cash payments issued by the US.