Ways to stabilize growth

Focus should be on release of demand for lower-priced housing and shift toward energy-efficient products

In a recent inspection tour of Hubei province, Premier Wen Jiabao said the country will prioritize growth and make some well-timed and targeted adjustments to its macroeconomic policies to expand domestic demand and promote a steady and relatively fast development of the national economy.

The April data from the National Bureau of Statistics show the world's second largest economy is facing growing downturn pressures, as indicated by the decelerated growth of its gross domestic product and fixed asset investment, banking credit, and import and export volumes.