More stimulus moves needed, say analysts

The government should release more stimulus packages to maintain a steady and fast growth in domestic consumption, analysts said.

"Judging from a group of figures released last week for the first quarter, the country lacks momentum to maintain a fast consumption growth unless the government releases more stimulus policies," said Chen Menggen, analyst, Hong Yuan Securities.

These measures, according to Chen, should include policies to help boost sales of home appliances in rural areas, boosting spending on culture, tourism and information services, and increasing subsidy for low-income people.